Note how the RSI and MACD trend down while the price trends up. This could indicate the rally is over, and it is my sell point. I am very short term bearish on this. Any lower buy price is a win but I will be watching for a good entry.
If price continues to rally on this peak, $1.72 is a convincing buy point. That would break the previous high in a convincing manner and signal a continuation of the current rally, but I expect the price to retrace soon.
If price continues to rally on this peak, $1.72 is a convincing buy point. That would break the previous high in a convincing manner and signal a continuation of the current rally, but I expect the price to retrace soon.
Commentaire:
Note that this is a very short term trading idea, buy point might be around $1.6 in an hour or so.