Waves Had a run of about 75% to the upside yesterday to $7.27 This morning it dumped down to $6.10 Currently we are seeing a bounce off this area which is a daily support.
If you aren't already in a trade, it might not be the best place to enter a long, but if you are already in the trade, it could be a reason for you to stay long. One of the reasons I entered a long at $6.22 because of what I saw on a TPO chart and footprint chart. I talk about likely reversal areas and where I am taking profits. Open interest is currently increasing, which is another reason to hold a long if you are already in the trade
Not Financial advice. DYOR. Papertrade before using real money.
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