where do you get these 1 to 50 / 1 to 60 risk reward? There is no indication of a technical rebound. Last but not least, if you actually traded this today you would already be stopped out. Pretty bad imo
yrusl
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@ArtfulDodger1974, The future of this stock is highly dependent on where btc will go. The price rn is so low but it could go to 0.20 easily. For sure it is more likely to head to 0.20 than 2 $ in the near future. That is why this idea makes no sense at all. Buying now is a very risky business imo.
sanouthai
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What makes you believe this is the bottom?
Eggo4u
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The bottom short to .12
TRADING_as_a_BUSINESS
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@Eggo4u, why 0.12? Could you please explain your analysis?
Eggo4u
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@Swing_Trading_as_a_BUSINESS, I have no technical chart but I already predicted an exact fall to .26 3 mo ago .12 may be a bit dramatic .20 is more likely market nowhere near correction end
TRADING_as_a_BUSINESS
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@Eggo4u, we are in the business of making money not predicting, have you made money?
Eggo4u
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@Swing_Trading_as_a_BUSINESS, Not on this one it's going nowhere as market continues to fall Yeah made money on Bbby sold at 20.00 Amc sold @22.00 CHPT holding and profiting same for Nio, AAPL, just made a lot on ELCR lost on CRXT and XELA cant win em all