롱
CGC $12-$13 Bottom
Been calling $12.5 for a couple weeks now, and a few things making this setup perfect.
1. It's reaching this level in extreme oversold conditions
2. Overall market on fire at ATH rn.
3. Santi Claus is coming?
Looking for a really nice monthly bounce. Below are my targets, and whether or not I take profit at 1 or 2 depends on how we get there.
Target 1 = .382 Fib of the drop from ATH ~ $23
Target 2 = .5 Fib of the drop from ATH ~ $27
Target 3 = .618 Fib of the drop from ATH (Main Target) ~$33
Risk:
Will be scaling into OTM APR options to maximize my R/R, and taking on 100% risk, as I am confident we WILL get a bounce at some point soon because of how extended we are. Wheter it's $13, $12.5, or even $10 it doesn't really matter, I'll just have to lower my targets.
GL to all my MJ bulls. Better days ahead.
-ill
1. It's reaching this level in extreme oversold conditions
2. Overall market on fire at ATH rn.
3. Santi Claus is coming?
Looking for a really nice monthly bounce. Below are my targets, and whether or not I take profit at 1 or 2 depends on how we get there.
Target 1 = .382 Fib of the drop from ATH ~ $23
Target 2 = .5 Fib of the drop from ATH ~ $27
Target 3 = .618 Fib of the drop from ATH (Main Target) ~$33
Risk:
Will be scaling into OTM APR options to maximize my R/R, and taking on 100% risk, as I am confident we WILL get a bounce at some point soon because of how extended we are. Wheter it's $13, $12.5, or even $10 it doesn't really matter, I'll just have to lower my targets.
GL to all my MJ bulls. Better days ahead.
-ill
면책사항
해당 정보와 게시물은 금융, 투자, 트레이딩 또는 기타 유형의 조언이나 권장 사항으로 간주되지 않으며, 트레이딩뷰에서 제공하거나 보증하는 것이 아닙니다. 자세한 내용은 이용 약관을 참조하세요.
면책사항
해당 정보와 게시물은 금융, 투자, 트레이딩 또는 기타 유형의 조언이나 권장 사항으로 간주되지 않으며, 트레이딩뷰에서 제공하거나 보증하는 것이 아닙니다. 자세한 내용은 이용 약관을 참조하세요.