I have some cash too but I won't try to guess the bottom. I am waiting for confirmation of a trend change, and yes I am aware this means I will get in later and "miss on a few cents". Doesn't matter, I'd rather make less profit than lose more money.
I am pretty sure there are loads of stop losses sitting just below $1.5 so it is pretty obvious they will try to fire them. If they do, I think we could go to $1.3ish
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