Everyone is looking at the trend line for CGC - yep, it's there for sure. However, since I believe the SPX be tanking for quite a while, I don't expect that obvious trend line to hold. Remember this stock has gone up more than 2500 percent since 2016! Sound familiar? If you are trading crypto, it should!
A 78.6 percent correction is probable, if not more.
One strategy is to buy at the trend line like everyone else, sell half on the pop and keep the rest as a stop sell under the trendline.
I could be wrong, but bulls have smoked things like this in the past and a long hangover is very probable.
Good Luck!
A 78.6 percent correction is probable, if not more.
One strategy is to buy at the trend line like everyone else, sell half on the pop and keep the rest as a stop sell under the trendline.
I could be wrong, but bulls have smoked things like this in the past and a long hangover is very probable.
Good Luck!