$TIA
Sitting on the sidelines was the smartest move so far, but we’re approaching the moment of truth:
If we’re waiting to go long (for a bounce): The current price zone ($0.65–$0.67) looks tempting for a technical bounce due to oversold RSI. But jumping in aggressively without confirmation (for example, a reversal pattern on a lower timeframe) is still like trying to catch a falling knife. Better to wait until the candles stop printing solid red bodies.
If we’re waiting to go short: Shorting with the hourly RSI < 25 is a surefire way to hand your money to the market maker before the inevitable technical bounce. It’s already too late to short here; that train has left the station. You should’ve jumped in above $0.72.
Shall we keep the popcorn ready? Wait for this patient to stop falling and show at least a glimmer of green hope? 😎
Sitting on the sidelines was the smartest move so far, but we’re approaching the moment of truth:
If we’re waiting to go long (for a bounce): The current price zone ($0.65–$0.67) looks tempting for a technical bounce due to oversold RSI. But jumping in aggressively without confirmation (for example, a reversal pattern on a lower timeframe) is still like trying to catch a falling knife. Better to wait until the candles stop printing solid red bodies.
If we’re waiting to go short: Shorting with the hourly RSI < 25 is a surefire way to hand your money to the market maker before the inevitable technical bounce. It’s already too late to short here; that train has left the station. You should’ve jumped in above $0.72.
Shall we keep the popcorn ready? Wait for this patient to stop falling and show at least a glimmer of green hope? 😎