Currently trading between 200dma on the upside and 50dma on the downside.
Probably going to wait until RSI hits overbought on the daily then wait to re-enter around 50dma. Still a few months until summer seasonality really kicks in. Currently 58/70 so thinking 58.30 could trigger upper bounds there.
Makes sense that 57.50 is a hard resistance midway through that range until summer seasonality kicks in. I expect anything above to look like a pump and dump.
Wouldn't be surprised to see 47 again this winter (1.618 of current range)
Probably going to wait until RSI hits overbought on the daily then wait to re-enter around 50dma. Still a few months until summer seasonality really kicks in. Currently 58/70 so thinking 58.30 could trigger upper bounds there.
Makes sense that 57.50 is a hard resistance midway through that range until summer seasonality kicks in. I expect anything above to look like a pump and dump.
Wouldn't be surprised to see 47 again this winter (1.618 of current range)