$NIO monthly chart looking brutal.
Never underestimate how low a stock can grind on thin volume—but the lower it drops on no volume, the better the risk-reward setup gets.
I was tempted to start a position. Didn't pull the trigger. It failed to hold the 1/3 Gann level. Now I'm watching how it reacts at the 1/4 fraction before making a move.
This thing's been a knife—patience pays here.
Never underestimate how low a stock can grind on thin volume—but the lower it drops on no volume, the better the risk-reward setup gets.
I was tempted to start a position. Didn't pull the trigger. It failed to hold the 1/3 Gann level. Now I'm watching how it reacts at the 1/4 fraction before making a move.
This thing's been a knife—patience pays here.
