EMC2 - catch the bounce!
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EMC2 is on a steady downtrend and is retesting the 3500sat price level. If the support fails it should drop to the next support zone. There is a nice little support zone tucked away around 2500-2600 sat. I think setting an entry point around 2600-2750 sat is a safe a bet. If price drops to that zone it stands a good chance to bounce. back up to 3000sat for an instant gain on the trade.
These are not recommendations to buy or sell. Just my observations of what the chart tells me. Manage your trades. Use stop loss and good luck. Happy Trading!
These are not recommendations to buy or sell. Just my observations of what the chart tells me. Manage your trades. Use stop loss and good luck. Happy Trading!
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It is profitable right now if you entered on the low end of the trade. But as much as it has upside I am seeing too much downside. Taking tiny profit and moving on.
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