Post by
apapas1973 on Jan 03, 2023 5:14pm
This is healthy.
As frustrated as I hear some on here might be, this retracement is actually healthy. We should always backtest key levels once broken above. It'll truly show if we have legitimate strength. If we get a parabolic rise in the price, then we set ourselves up for a crash. I know everyone wants the price to shoot up in a straight line and that might still happen in the future, but you shouldn't lose sight of the big picture. Again it's your money so you have to do what you're comfortable with. There are no guarantees in this business. All we could do is use the tools available to us to make the best decision we see fit for ourselves. We already had a pretty good idea of where our short term target was. There should be no surprises there. 218 was the tough one to crack. At this point they're bringing us down to 180-185. With a little force they could push us into the 177-178 area maybe even a tad lower. I suspect some good money to come in then. And by no means am I saying that I think this run is done. IMO I think this is just getting started. GLTA
Comment by
CravingProfits on Jan 03, 2023 5:30pm
As much as I am frustrated I have to admit you are right about going up parabolically. Let's keep that for later once we get over $3.00 hopefully.(if we do of course) Glta
Comment by
EndZonefor7 on Jan 03, 2023 6:24pm
The clock is ticking on news from several catalyst potential fronts. Can't see them pushing it much lower. Who wants to be caught with their pants down ? Not I.
Comment by
apapas1973 on Jan 03, 2023 7:02pm
That's the risk that's definitely on the table by waiting Endzone.
Comment by
KerStockhouse on Jan 04, 2023 8:45am
I just see this as opportunistic selling high buying low as there is a clear pattern with this one