The news of Trump rescheduling marijuana to a schedule 3 is in the process of being priced in; however, I don't care who you are. I don't care how bullish the news is, when price of an asset has a crazy breakout and is jointly approaching both the ATH VWAP, and inception VWAP. There will be a significant pullback of 20%+ every. Single. Time. I've been long this since the beginning of this week, I plan on exiting a majority at $7.70 with the objective of buying lower.
I mean it man, every single time price comes to these significant VWAP zones, it loses. It might chop sideways for a couple days at the $7.50-$8.20 range before falling back, but it will. Don't get lost in the fomo.
I mean it man, every single time price comes to these significant VWAP zones, it loses. It might chop sideways for a couple days at the $7.50-$8.20 range before falling back, but it will. Don't get lost in the fomo.
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