Hello,
So I've been hearing of a lot of excitement from people buying back on the dip but I wanted to give my own analysis and say why you should be careful
-We've seen NIO now bounce back from around that $40 area but I believe it's coming up on an important area
-It has just crossed over the 20MA on the 1hour but it is slowing down with smaller and smaller wicks
-Yet to cross the 200MA which would be important
-And the short downward trend from its previous ATH
Tread carefully, I've seen a lot of brand new traders get sucked into the excitement buying on this bounce but I believe the safer trade is yet to be secured
Feel free to leave feedback, thanks
So I've been hearing of a lot of excitement from people buying back on the dip but I wanted to give my own analysis and say why you should be careful
-We've seen NIO now bounce back from around that $40 area but I believe it's coming up on an important area
-It has just crossed over the 20MA on the 1hour but it is slowing down with smaller and smaller wicks
-Yet to cross the 200MA which would be important
-And the short downward trend from its previous ATH
Tread carefully, I've seen a lot of brand new traders get sucked into the excitement buying on this bounce but I believe the safer trade is yet to be secured
Feel free to leave feedback, thanks
Nota
I guess whoever bought in when I posted this is going to have to hold now
Penafian
Maklumat dan penerbitan adalah tidak dimaksudkan untuk menjadi, dan tidak membentuk, nasihat untuk kewangan, pelaburan, perdagangan dan jenis-jenis lain atau cadangan yang dibekalkan atau disahkan oleh TradingView. Baca dengan lebih lanjut di Terma Penggunaan.
Penafian
Maklumat dan penerbitan adalah tidak dimaksudkan untuk menjadi, dan tidak membentuk, nasihat untuk kewangan, pelaburan, perdagangan dan jenis-jenis lain atau cadangan yang dibekalkan atau disahkan oleh TradingView. Baca dengan lebih lanjut di Terma Penggunaan.