Topped up at 1.15 which was the S3 level, may have made a mistake here but average is now 0.56. Unfortunately it just sailed through the three Support levels. Clearly way overbought on the daily, needed the pullback. Am led to believe that pullbacks are a necessary evil and are good for the long term strength but a 26% pullback in two days? It had risen 750% in 50 days so the pullback is insignificant in the larger scheme of things imo, stand to be corrected. Touched 1.07 which going by my previously drawn support line was the real buy price. Will learn from this. Did close at 1.125 so hopefully will gap up on Monday. I believe most of the selling was people taking profits as the long term ema's are still nicely spaced and moving up and the short term s are turning down but the 3 is still above the 8. Does this mean possibly further to fall? RSI is back below 70.
Got out of a heap at 1.28 when I saw that it rejected the 200ema multiple times on the 5min chart. Also saw in hindsight that it rejected the S1 at 1.315 4 times before the doji which was a sell signal.
Thoughts on my charting guys? If okay, will post on the PFT thread.
