Sniper29x

LMFA Monthly Chart: Bullish Signals, Bitcoin Sympathy Play

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BATS:LMFA   LM Funding America, Inc.

* Technical Indicators:
* December breakout from falling wedge, forming a bullish hammer.
* Interaction with 20 SMA provides robust support.
* Rising RSI and bullish divergence signal increasing momentum.
* Volume surge supports positive price action.
* Low float of 14.6M shares may result in heightened volatility.
* Bitcoin Sympathy Play:
* LMFA benefits from ongoing Bitcoin ETF hype.
* Positive sentiment from Bitcoin halving could further boost LMFA.
* Long-Term Perspective:
* Consider the monthly chart as part of a long-term strategy.
* Utilize Bitcoin-related catalysts for potential sustained gains.
* Trade Strategy:
* Position for long-term growth based on positive technicals.
* Mitigate potential volatility by maintaining a patient approach.
* Risk and Reward:
* Assess risk tolerance and embrace a longer investment horizon.
* Regularly review the trade strategy based on evolving market conditions.

Remember, this is not financial advice. Thorough research or consultation with a financial advisor is advisable before making any investment decisions.
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