BYND bullish cypher and demand zone after the earning CRASH.
BYND actually had a nice earning report yesterday while as the locked up period had ended,
it was sold-off fiercely.
Still, alternative-meat industry has lots of rooms to be imagined,
to look for a careful buying opportunity isn't a crazy idea!
Here we got this bullish cypher pattern and little demand zone structure near 68.00 spot,
I would be interested in the long with 2 possible outs:
1. short-term: below 60.00 (a 10%-risk trade)
2. long-term: below 45.00 (a 30%-risk investment)
By now the market still need to digest the selling pressure so I'm in no hurry to get in the trade,
to wait for a clearly reversal sign there as a final confirmation of this idea is necessary!
Let's see how it goes yo!
it was sold-off fiercely.
Still, alternative-meat industry has lots of rooms to be imagined,
to look for a careful buying opportunity isn't a crazy idea!
Here we got this bullish cypher pattern and little demand zone structure near 68.00 spot,
I would be interested in the long with 2 possible outs:
1. short-term: below 60.00 (a 10%-risk trade)
2. long-term: below 45.00 (a 30%-risk investment)
By now the market still need to digest the selling pressure so I'm in no hurry to get in the trade,
to wait for a clearly reversal sign there as a final confirmation of this idea is necessary!
Let's see how it goes yo!
