On the above 13hr chart price action has dropped 80% in the last 50 days. Now is a opportunity to scoop up some magic beans from desperate sellers. Buy why?
1) Price action and RSI resistance breakouts.
2) RSI trend reversal.
3) Regular bullish divergence.
Is it possible price continues down? Sure. Is it probable? No.
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Allow 3-6 months on ideas. Not investment advice. DYOR
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Disclaimer
The information and publications are not meant to be, and do not constitute, financial, investment, trading, or other types of advice or recommendations supplied or endorsed by TradingView. Read more in the Terms of Use.