Not financial advice
I remain neutral. My better judgement is telling me its coming down. The pattern shows its wanting to come up.
Very unique area for EBON right now.
I'd wait for some confirmation before entry.
9.10 mark is key to break thru.
Everything pretty self explantory on the chart.
Looking like we'll have a rejection at 60k for bitcoin
So I dont anticipate this stock moving a whole lot in the coming days.
Maybe the 10ish range if we can get past the 9.10 mark.
Be careful on your entries
Remember if bitcoin loses 3-5% you lose 15-20% on this stock.
If anything bitcoin will try and hold the 54k range but we still not out of the woods yet.
Need a decisive daily close on bitcoin above 58700.
Not so sure of that at the moment.
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