NIO!!

is looking to make a parabolic move similar to its counterpart, Tesla.
After a establishing a bottom base at the $1-$2 range, exploded to $5.65 and has consolidated nicely to form a new base of support at the $4 level.

If this does shape up to be a parabolic advance the current level would be the 2nd base. A move up to the $6-8 range would be the 3rd base which could be followed by a near doubling in price. This move would happen rather quickly. My aggressive targets are above. I have made entries at the $4 level with stops below the consolidation lows. This would make for a nice R/R

Ghi chú

If you don't have a position in , the volume surge and pullback this can give you an opportunity to identify your entry point and define your risk. I always use a stop loss and always recommend you do as well. Less is more :-)

Cryptic_Insight

SHARE - LIKE - SUBSCRIBE - FOLLOW
For real time content and trade calls, follow me on
YouTube Channel soon to come

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.

Cryptic_Insight

SHARE - LIKE - SUBSCRIBE - FOLLOW
For real time content and trade calls, follow me on
YouTube Channel soon to come