Negative divergence is very sharp here. Price got rejected at the trend line with LUS.
There are people saying that this thing will go to 4000 before making the big bearish move and it could be true but please pay attention to this negative setup. Let's see if it can make another divergence high first. But for now it is already showing weakness.
Daily chart with a longer tail LUS bar and RSI bear divergence. Could be ready for a big drop too. Market liquidity was cited by people but it will not necessarily all go to the stock market.
Disclaimer, this is only for entertainment and education purposes and doesn't serve by any means as a buy or sell recommendation.
Personally I hold both long term long positions and occasionally short term short position, for disclosure purpose.
There are people saying that this thing will go to 4000 before making the big bearish move and it could be true but please pay attention to this negative setup. Let's see if it can make another divergence high first. But for now it is already showing weakness.
Daily chart with a longer tail LUS bar and RSI bear divergence. Could be ready for a big drop too. Market liquidity was cited by people but it will not necessarily all go to the stock market.
Disclaimer, this is only for entertainment and education purposes and doesn't serve by any means as a buy or sell recommendation.
Personally I hold both long term long positions and occasionally short term short position, for disclosure purpose.