As you can see its respecting a support line.. Yes a breakout happened but i feel its a fake out... Its sitting at the 61.8 area as of now.. If it goes past the 78.6 lets get out....
The price has cutted the MAW95 down. I think we have more bearish.
Anmax
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@OmidBK2003, Agree. Daily Stock RSI is overheated, trading volume has been falling during the last rise. Plus 99 MA just crossed 25 MA down. Sell orders are very very strong all the way up to 0.30. Buy orders just at 0.23 and then very thin all the way to 0.16. A correction is coming. Just wait till Stock RSI has cooled down and then restock. Don't rush now.
rellis281
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@OmidBK2003, , thanks for the analysis… I’ll move my position to break even..
I trade the market structure like forex.. no long term holds..