Well first let me say I’d brought gu last year so I have no bias only what price is saying and in this game there’s always two sides to a story. Two sides to a trade and players buying and selling each bar! There are investors as well on both sides so one must understand these variables when approaching a chart.
And as I say before trading is bout trading on the side with the best possible outcome. It has nothing to do with your bias! Letting withs in front of you run away cuz ur trying to renter or finally get a shot to catch a trend. And I say again if that’s the case you should had brought it when it was cheap 🤷🏾♂️
So what would we want to see to be buyer in this market.
As I know many of these traders will be ready to buy any bounce up they get. But let’s looks at the possibilities and where to buy if they are met.
First let’s understand how the market work. As the most important thing on your chart is the range I say this countless time. You need to outline them they can be in channels as well.
So from the top price dropped and made a range! This is a sign of sediment changing as this new range is bearish. It’s job is to send price down!!
So gu would need to go back into the range
Make it’s way through the averages
Take out that high
Break the mwvap
Break out the range to the upside
Pullback into the range
Break back out the range with more mom and vol ( here one can enter this pullback )
And travel up through the dead Space ( as it’ll probably run out of gas.. and I and the shark will be ready to hit the sale button)as I would like that give me a better price to sale on 🤙🏾
And than break the bears sitting at the high waiting to sale more orders from all this buying that been done on gu. Since we never had a decent swing back.
Yet Not impossible ! but not probable! .. the bulls didn’t walk away yet
so if you want to trade that my all means necessary go head and gl!
I’m
And as I say before trading is bout trading on the side with the best possible outcome. It has nothing to do with your bias! Letting withs in front of you run away cuz ur trying to renter or finally get a shot to catch a trend. And I say again if that’s the case you should had brought it when it was cheap 🤷🏾♂️
So what would we want to see to be buyer in this market.
As I know many of these traders will be ready to buy any bounce up they get. But let’s looks at the possibilities and where to buy if they are met.
First let’s understand how the market work. As the most important thing on your chart is the range I say this countless time. You need to outline them they can be in channels as well.
So from the top price dropped and made a range! This is a sign of sediment changing as this new range is bearish. It’s job is to send price down!!
So gu would need to go back into the range
Make it’s way through the averages
Take out that high
Break the mwvap
Break out the range to the upside
Pullback into the range
Break back out the range with more mom and vol ( here one can enter this pullback )
And travel up through the dead Space ( as it’ll probably run out of gas.. and I and the shark will be ready to hit the sale button)as I would like that give me a better price to sale on 🤙🏾
And than break the bears sitting at the high waiting to sale more orders from all this buying that been done on gu. Since we never had a decent swing back.
Yet Not impossible ! but not probable! .. the bulls didn’t walk away yet
so if you want to trade that my all means necessary go head and gl!
I’m
