Many would have been bitten by Theta and Theta Fuel buying in late and getting destroyed by the dump. As the dust clears is there a potential entry opportunity presenting?
We've now tested this support several times, question is, further retrace to meet the 200 SMA or will it turn around and head North. Few % below current would have me interested.
Keep an eye on on this setup in the coming days and see how it plays out. Can't see a great move presenting just yet but watching more closely due to the consistent retest of level.
As always,not financial advice, just thoughts and TA. Bingaz.
Only amateurs got destroyed by the “dump”. Classic and easily seen on the charts. Anyone who got destroyed by that move should stop trading and study more basics
Bingaz
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Lifting from Support as expected- Still a bit wait and see at this point.
Probably still plenty of traders that have been hurt by Theta waiting for an exit opportunity.
Caution advised if taking a position early.