Above you can see the flags on the RSI respectively, the Fib channel shows that we are on the outer channels and is now on a critical point.
Support at 535, if the price declines below this point then its crash and burn for a while to the 377 level, until mr Musk can improvise some genius.
However if there is a bounce of the support then we are looking at a great long position entry point.
Just another trading idea, not advice.
Happy trading!
Support at 535, if the price declines below this point then its crash and burn for a while to the 377 level, until mr Musk can improvise some genius.
However if there is a bounce of the support then we are looking at a great long position entry point.
Just another trading idea, not advice.
Happy trading!
