Be Careful - Area of Importance

2 thg 12, 2020

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

4 thg 12, 2020

Ghi chú

I guess whoever bought in when I posted this is going to have to hold now