Not saying that it is necessarily going to bottom here, but this pump was caused by LUNA pumping, and if you believe that LUNA, ANC and MIR still have another pump left in them, then this would be a great time to start buying/longing MIR. Be careful though because if this was just a standard pump & dump then it's going to get rekt, make sure to use a wise stoploss. Potential targets as high as $1.37.
Commentaire:
So it looks like it did bounce exactly off the 0.786 fib. We pumped pretty hard to about $0.34. For now it still looks bullish, we will probably bottom around $0.25 on this current retracement. Wil have to see how it goes and I will update here again when something changes.
Commentaire:
At this point the pump appears to be losing momentum, it's now possible that it will wick down to $0.20 before it goes sideways and back up. Be careful trading here, I think anywhere from $0.22 - 0.24 is a good entry now, but just keep in mind that it's possible to wick lower towards the $0.20 range.