$Lucid Group (LCID.US)$ Guys, is it too late to go in now?
$Lucid Group(LCID.US$ Guys, is it too late to go in now?
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John8288 : Never too late
Jiangshui : Go go go
DeltaKiloLima : wait for the retracement to 38.
CuteKelvin DeltaKiloLima : You missed the train?
SebastianKohYS DeltaKiloLima : You miss the boat?
JunyangJY DeltaKiloLima : You miss the plane?
DeltaKiloLima : hahaha. all talk so much but dont even know I bought in 20k at $17. im a long time hodler since the last crash.
base on TA
1. Trend line and 50ema has been broken, although im Macro bullish but statistics and numbers dont lie.
2. The first indicator of a bearish reversal is when the retracement start to become bigger than then previous swing highs..
3. what validated number 2 was a regular bearish divergence prior to the dump last night which also came into confluence with number 1
.
Stocks is just for fun bruh. my real game is in crypto.
lucky star-hold DeltaKiloLima : so how high we going today?
DeltaKiloLima lucky star-hold : Area of value $46-48 region before likelyhood we get smacked right back down due to the strong bearish reversal
I shall not gonna go into technical factors pertaining Volatility indicators utilising BB, BBW, and Bbw percentiles and PMARs and PMARPS.
whatever happened to crypto 7 days ago is happening now to the stock. the only way for my hypothesis to be invalidated is that we pull out of the bear trap and trade above 52.
which based on percentiles and overall volatility of the current 2-4 hour timeframe, its not achievable tonight, the best scenario we can expect is a consolidation around 46-48 range creating a good foundation for the next possible rally after market the recent market overexpansion to the downside.
but based on technical factors, bears will very likely takeover the market due to divergence in the RSI and Stochastics.. I strongly believe whatever happened in Crypto will happen to the stocks now.
a slight correction is always ideal for a marathon run. do u work 3 days with no sleep? there will always be traders like me taking profit at various target prices.
i am overall macro bullish, we are still trading above 200ema and it is a good sign. however the 21ema cross over to 50ema would be a first sign to flag out to you people that hey, watch out + Bearish Divergence + 30% retracement biggest during this bullrun and bigger than previous swing high and MacD crossing signal lines. if these are not signals screaming in your face. idk what is. good luck
lucky star-hold DeltaKiloLima : ok i will average down at 38 later. will it dip to 20s? what the lowest we looking at?
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