CRCLB came crashing straight down, on fairly heavy volume.
On the chart, the current price is 58.91, down 5.91% over 24 hours. The intraday high was 63.09 and the low was 57.90, for a 9.0% range. It closed near the intraday low—the price couldn't hold up into the close.
The 7-day moving average is 64.32, putting the price 8.4% below it; the 7-day cumulative change is -12.5%. The first bounce after seven consecutive down days usually isn't worth a large position. The nearest support is at 57.90; if it breaks below that, then look to the next level.
Trying to catch a bounce in a weak market doesn't offer great odds. My approach is simple: wait until it gets back above the 7-day moving average before considering it.
When the market is hard to trade, sitting tight is a win.
(The above is purely my personal record. Don't take it as investment advice.)
#CRCLB #交易笔记 #MarketObservation
On the chart, the current price is 58.91, down 5.91% over 24 hours. The intraday high was 63.09 and the low was 57.90, for a 9.0% range. It closed near the intraday low—the price couldn't hold up into the close.
The 7-day moving average is 64.32, putting the price 8.4% below it; the 7-day cumulative change is -12.5%. The first bounce after seven consecutive down days usually isn't worth a large position. The nearest support is at 57.90; if it breaks below that, then look to the next level.
Trying to catch a bounce in a weak market doesn't offer great odds. My approach is simple: wait until it gets back above the 7-day moving average before considering it.
When the market is hard to trade, sitting tight is a win.
(The above is purely my personal record. Don't take it as investment advice.)
#CRCLB #交易笔记 #MarketObservation