Respecting the EMA 50 wall here and keeping a close eye on key support levels as the setup continues to play out.
Important observation: Price action has consistently failed at the EMA 50 resistance level -- a pattern that's played out multiple times now, including the most recent rejection. In the current skittish environment, no real reason to expect this time to be any different.
I’ve also highlighted two key support levels:
S-1 at $1.18
S-2 at the 52-week low of $0.88
I've traded in and out of this name a few times with solid profits simply by respecting the technicals and price action. Just sharing the setup, FWIW. Staying disciplined in this market matters.
Stay tuned. 👀
Important observation: Price action has consistently failed at the EMA 50 resistance level -- a pattern that's played out multiple times now, including the most recent rejection. In the current skittish environment, no real reason to expect this time to be any different.
I’ve also highlighted two key support levels:
S-1 at $1.18
S-2 at the 52-week low of $0.88
I've traded in and out of this name a few times with solid profits simply by respecting the technicals and price action. Just sharing the setup, FWIW. Staying disciplined in this market matters.
Stay tuned. 👀
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這些資訊和出版物並不意味著也不構成TradingView提供或認可的金融、投資、交易或其他類型的意見或建議。請在使用條款閱讀更多資訊。