BYND actually had a nice earning report yesterday while as the locked up period had ended, it was sold-off fiercely.
Still, alternative-meat industry has lots of rooms to be imagined, to look for a careful buying opportunity isn't a crazy idea!
Here we got this bullish cypher pattern and little demand zone structure near 68.00 spot, I would be interested in the long with 2 possible outs:
1. short-term: below 60.00 (a 10%-risk trade) 2. long-term: below 45.00 (a 30%-risk investment)
By now the market still need to digest the selling pressure so I'm in no hurry to get in the trade, to wait for a clearly reversal sign there as a final confirmation of this idea is necessary!
not hating... just saying... that cypher is disregarding some clear pivots, and way lop sided. Consider Harmonic Trading Volume 1 and 2 by Carney.... good luck my friend. I'm getting long BYND also
Trader_Joe_Lee
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@DigitalMoneyTraders, Thanks for sharing bro, still waiting though. Good luck my friend, too!