Ok, NIO went down to close the gap as we expected it would, and now we have some interesting things going on! The price stopped at the support we mentioned yesterday, the 43.89, and it is bouncing back up, as usual.
The 46.25 is a breakpoint, and it could hit the 50 if it triggers a buy.
Since NIO is at support area, doing some interesting patterns, the potential loss is low, while the gain is pretty good. We are not that oversold yet in the 4H, but I think we are ok.
Let’s watch NIO carefully, and wait for an opportunity!
If you liked this trading idea, remember to click on the “Follow” button to get more trading ideas like this, and if you agree with me, click on the “Agree” button 😉.
See you soon,
Melissa.
The 46.25 is a breakpoint, and it could hit the 50 if it triggers a buy.
Since NIO is at support area, doing some interesting patterns, the potential loss is low, while the gain is pretty good. We are not that oversold yet in the 4H, but I think we are ok.
Let’s watch NIO carefully, and wait for an opportunity!
If you liked this trading idea, remember to click on the “Follow” button to get more trading ideas like this, and if you agree with me, click on the “Agree” button 😉.
See you soon,
Melissa.
