I've been waiting for 
MSOS to bottom because the upside looks amazing once it does. But I think we'll see another leg down before we see the final capitulation.
The reason being the cloud on the 1D timeframe. With that thick of a cloud, almost no chance that price will break through it, and it leads me to think that the next move is likely lower.
Looking at the chart, I think the bottom will be $4.25. I'll likely wait for price to get down to that region, see how it reacts, and if we see a bounce, take a long term position.
MSOS to bottom because the upside looks amazing once it does. But I think we'll see another leg down before we see the final capitulation.The reason being the cloud on the 1D timeframe. With that thick of a cloud, almost no chance that price will break through it, and it leads me to think that the next move is likely lower.
Looking at the chart, I think the bottom will be $4.25. I'll likely wait for price to get down to that region, see how it reacts, and if we see a bounce, take a long term position.
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