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.
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Thông báo miễn trừ trách nhiệm
Thông tin và các ấn phẩm này không nhằm mục đích, và không cấu thành, lời khuyên hoặc khuyến nghị về tài chính, đầu tư, giao dịch hay các loại khác do TradingView cung cấp hoặc xác nhận. Đọc thêm tại Điều khoản Sử dụng.