Will need to see some shorter time frame price action to confirm this move. It's very much a counter-trend trade as we enter a short-term easing downtrend formed off the back of a VERY bullish rally.
Let's be honest here, Musk isn't an idiot. He made those comments to allow more people to get in on the action. Lower the price, fill the boat and ride it to the moon. He buys billions of it and then stops its appreciation? Yeah, sure. This one is going up.
Buy the reversal pattern.
Komen
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Trade is now approaching first TP. Waiting for pullback to confirm new HL. Wait for new entry.