Before the good news, remember at all times that the price is still trading below and neatly following the 10 EMA.
The good news for the bulls out there is that the price is now kissing a long term key demand level.
The famous AMC rally back in 2021, erupted from close to its current levels.
This tends to be a good reason to start looking for bullish opportunities. A breakout and close above the 10 EMA would be an interesting trigger.
Remember at all times that trading is not predicting the future. It is more about detecting asymmetries in the markets and managing risk.
Especially the latter, I advocate. Manage risk at all times, at all costs, with the utmost diligence.
Cheers,
Tenacious Tribe
The good news for the bulls out there is that the price is now kissing a long term key demand level.
The famous AMC rally back in 2021, erupted from close to its current levels.
This tends to be a good reason to start looking for bullish opportunities. A breakout and close above the 10 EMA would be an interesting trigger.
Remember at all times that trading is not predicting the future. It is more about detecting asymmetries in the markets and managing risk.
Especially the latter, I advocate. Manage risk at all times, at all costs, with the utmost diligence.
Cheers,
Tenacious Tribe