Just a quick update on QSP from what i did the other day, its looking good for an easy quick trade and possibly a long option.
I have been filling bags since 3000sats but got big buy orders around 2650 for the ultimate bottom.
If we got a sold bounce of trend support we should see an easy bullish run to 3400sats for a comfy 25-30%.
I would personally take profits here and wait for a break out from resistance, then a retest on support before making a dash to next resistance.
If we get a retest after the break out ill be jumping back into the trade at around 2550-2600 after conformation its going up.
if we see a 5 point elliot wave we could start to retest original ath's again :)
Best of luck everyone
I have been filling bags since 3000sats but got big buy orders around 2650 for the ultimate bottom.
If we got a sold bounce of trend support we should see an easy bullish run to 3400sats for a comfy 25-30%.
I would personally take profits here and wait for a break out from resistance, then a retest on support before making a dash to next resistance.
If we get a retest after the break out ill be jumping back into the trade at around 2550-2600 after conformation its going up.
if we see a 5 point elliot wave we could start to retest original ath's again :)
Best of luck everyone