Reef is currently in the middle of it's descending wedge.
I'd be looking for a breakout or entry on return to support.
The long winded consolidation and lower entry prices may bring new buyers to the table.
Seems to be a bit of a smear campaign on the socials at present which may be impacting price.
Personally I'm long on it but took a position early enough to have breathing room.
In saying that, the exit was clearly 5c and forcing myself to hold the bag through this retrace has been unpleasant to say the least.
Hopeful for a surge as retrace meets support.
As always not financial advice.
Just my thoughts and TA.
Bingaz
I'd be looking for a breakout or entry on return to support.
The long winded consolidation and lower entry prices may bring new buyers to the table.
Seems to be a bit of a smear campaign on the socials at present which may be impacting price.
Personally I'm long on it but took a position early enough to have breathing room.
In saying that, the exit was clearly 5c and forcing myself to hold the bag through this retrace has been unpleasant to say the least.
Hopeful for a surge as retrace meets support.
As always not financial advice.
Just my thoughts and TA.
Bingaz