Take a look at the price action in orange rectangles, multiple times in the past price has bounced from those zones.Will it bounce again ? We need to se a retest of the zone marked in the greeN circle if it test that zone and started to move higher then it can be relatively safe to open long position, if not then price can move lower to the zone marked in the white circle , also take a look at VPVR indicator(right side of the screen).
At this moment in my opinion it is too risky to open long position.Also look at the snapshot below to get a better picture .
P.S.Not financial advice -entreatment purposes only ,do your own DD.
At this moment in my opinion it is too risky to open long position.Also look at the snapshot below to get a better picture .
P.S.Not financial advice -entreatment purposes only ,do your own DD.
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Somewhat risky swing trade idea:
Entry-$0.82
Stop -$0.77-0.76
Exit -$1.08
R/R 1 to 5.2
Entry-$0.82
Stop -$0.77-0.76
Exit -$1.08
R/R 1 to 5.2
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Entry level $0.82 has been reached ,then AIKI bounced up to $0.89
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AIKI opened to day at $0.89 ,moved to $0.99 and closed at $0.98