MDX HIGHLY RISKY SETUP!
Mdx lost around %99 of its value in a year from its all time high.
Its losing its value for 6 months in a row.
Right now, a falling wedge type of pattern is forming and RSI is near oversold area.
This may mean a reversal can come.
But the main problem here is FED.
FED increasing interest rates cause money outflow from risky markets and this kinds of unknown coins bleed a lot.
This is not a high volume asset. Meaning there is no interest in this asset. Therefore buying this, even after losing around %99 of it value, consist high amount of risk.
For the long term i can invest %1 of my portfolio when FED stop increasing rates, if price is still around here.
Setup looks like there could be a dead cat bounce type of actions in the near future but i will sit this one out since FED is real.
Thanks.
Follow for more information and charts about markets and global economy.
Its losing its value for 6 months in a row.
Right now, a falling wedge type of pattern is forming and RSI is near oversold area.
This may mean a reversal can come.
But the main problem here is FED.
FED increasing interest rates cause money outflow from risky markets and this kinds of unknown coins bleed a lot.
This is not a high volume asset. Meaning there is no interest in this asset. Therefore buying this, even after losing around %99 of it value, consist high amount of risk.
For the long term i can invest %1 of my portfolio when FED stop increasing rates, if price is still around here.
Setup looks like there could be a dead cat bounce type of actions in the near future but i will sit this one out since FED is real.
Thanks.
Follow for more information and charts about markets and global economy.
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.