GO has been on a strong retrace since topping at at over 290+ sats! GO is now falling strongly, but there is a golden opportunity to enter as we close in on the yellow entry zone. RSI and Stoch have near oversold and volume has bottomed out. I expect one final daily wick down into this zone, in which I recommend stagger buy in bids from 136 to 156 sats. This prime buy in zone should bounce and target T1 at 196 sats and T2 at 218 sats will be hit. Again, this is not a short call. Rather. Place long. Bids inside this zone and wait. Any drop under 200MA, below 135 would be a bearish sign.
And now GO has bounced off 134, which actually is the 0.786 fib retracement of the 10 Nov low to 11 Jan high. Fibs ruling this movement!
arkyTHEdog
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Just bounced off 120 which is the 0.786 fib retracement of the upswing from 10 Nov low to 11 Jan high.
ThirupathiTumma
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@arkyTHEdog, is it good to buy or wait for 120sat?
arkyTHEdog
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I'm not buying cos I'm already maxed out on GO, trading the swings. I think this was the bottom but that's entirely my opinion, not financial advice. The chart is there, figure it out.
arkyTHEdog
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Erratum: 120 was the 0.786 fib retracement of the upswing from 10 Nov low to 11 Dec high.