$UVXY latest market update đ
Long/Short: choppy
Entry: 21.6491â21.9509
Stop loss: 21.4983
Targets: 22.1143/22.3657/23.4000
Analysis reason: Seriously, UVXYâs chart is here to be a joke, huh? Put orders at 21.8, and then the two EMA brothers (21.88 and 21.89) are basically face-to-face. A cross? A cross of what, exactlyâthis âcrossâ drags on longer than an old ladyâs wrapped foot bandage. Even the RSI has already dropped to 19.6; in theory it should bounce a couple times after being oversold. But the candlesticks are just lying flat, not even bothered to moveâclassic âIâm oversold and Iâll oversold, while you keep choppy.â Tell me, are you not convinced? As for this marketâif you say itâs going down, it keeps going sideways for you. If you say it should rebound, it wonât even lift a decent leg. It keeps getting churned repeatedly within the range, specifically harvesting people who canât stand to wait. Strategy? No strategyâjust wait. Either a breakout with volume, or a clean breakdownâotherwise itâs just pure time-wasting. Stop-loss level: 21.498286âplease size your position according to your own risk tolerance; donât rush in impulsively with heavy size and then end up nauseated by the screen. From this point, watch more and act less. If your hands are itchy, cut them.
Risk warning: Suggested stop-loss level: 21.498286. Please adjust your position size according to your own risk preference
#UVXY
Long/Short: choppy
Entry: 21.6491â21.9509
Stop loss: 21.4983
Targets: 22.1143/22.3657/23.4000
Analysis reason: Seriously, UVXYâs chart is here to be a joke, huh? Put orders at 21.8, and then the two EMA brothers (21.88 and 21.89) are basically face-to-face. A cross? A cross of what, exactlyâthis âcrossâ drags on longer than an old ladyâs wrapped foot bandage. Even the RSI has already dropped to 19.6; in theory it should bounce a couple times after being oversold. But the candlesticks are just lying flat, not even bothered to moveâclassic âIâm oversold and Iâll oversold, while you keep choppy.â Tell me, are you not convinced? As for this marketâif you say itâs going down, it keeps going sideways for you. If you say it should rebound, it wonât even lift a decent leg. It keeps getting churned repeatedly within the range, specifically harvesting people who canât stand to wait. Strategy? No strategyâjust wait. Either a breakout with volume, or a clean breakdownâotherwise itâs just pure time-wasting. Stop-loss level: 21.498286âplease size your position according to your own risk tolerance; donât rush in impulsively with heavy size and then end up nauseated by the screen. From this point, watch more and act less. If your hands are itchy, cut them.
Risk warning: Suggested stop-loss level: 21.498286. Please adjust your position size according to your own risk preference
#UVXY