Market Update: $GUA 📊
Suggested Direction: Ranging
Entry: 0.04898-0.05158
Stop-Loss Reference: 0.04767
Target Prices: 0.05300/0.05517/0.05788
Analysis: With GUA, the chart makes you want to just lie down and give up. The 0.05028 order is sitting there; those two EMA lines are sticking together like they’re half-asleep. A crossover? What crossover. Is there a trend? There isn’t one. RSI is 27.7—by rights that’s oversold, but what good is oversold if it keeps grinding lower? Trying to bottom-fish? I’m afraid I’ll buy in at the middle of the slope and my hands will shake. Anyway, it’s just ranging—wearing you out in the range. It can’t go up and can’t go down; you can only wait for it to choose a direction on its own. Follow a breakout or a breakdown; going in now is basically turning yourself into a cushion for the market. My stop-loss is at 0.047673—I just set it there. If it breaks, then so be it; if it doesn’t, I’ll just grind it out. I’m too lazy to adjust position size. Let whoever decides—living is what matters.
Note: Suggested stop-loss level: 0.047673. Please adjust your position size according to your own risk preference
#GUA
Suggested Direction: Ranging
Entry: 0.04898-0.05158
Stop-Loss Reference: 0.04767
Target Prices: 0.05300/0.05517/0.05788
Analysis: With GUA, the chart makes you want to just lie down and give up. The 0.05028 order is sitting there; those two EMA lines are sticking together like they’re half-asleep. A crossover? What crossover. Is there a trend? There isn’t one. RSI is 27.7—by rights that’s oversold, but what good is oversold if it keeps grinding lower? Trying to bottom-fish? I’m afraid I’ll buy in at the middle of the slope and my hands will shake. Anyway, it’s just ranging—wearing you out in the range. It can’t go up and can’t go down; you can only wait for it to choose a direction on its own. Follow a breakout or a breakdown; going in now is basically turning yourself into a cushion for the market. My stop-loss is at 0.047673—I just set it there. If it breaks, then so be it; if it doesn’t, I’ll just grind it out. I’m too lazy to adjust position size. Let whoever decides—living is what matters.
Note: Suggested stop-loss level: 0.047673. Please adjust your position size according to your own risk preference
#GUA