If NIO closes under the 40.90 tomorrow, thereâs a chance itâll fill the gap at 38.64. Then I believe Iâll be a good moment to buy.
It is no secret that I already booked my profits on NIO, and now Iâm an observer just waiting for the next chance to buy it again.
In fact, since we have an advanced breakdown on the RSI, this could even trigger a quick short trade, with a tight stop-loss.
We are still overbought in the 4h chart, but NIO is getting back to its normal, it seems. Another possibility Iâm working with is a sideways movement for the next days. This might work too, but I prefer a pullback. Iâm not working with a scenario that NIO will fly from here, and if it does, Iâll just be happy for its investors, but I will not buy it here, as the risk-reward is not the best. Iâll keep monitoring it, and Iâll update you guys if I see anything.
If you liked this trading idea, remember to click on the âFollowâ button to get more trading ideas like this, and if you agree with me, click on the âAgreeâ button đ.
See you soon,
Melissa.
It is no secret that I already booked my profits on NIO, and now Iâm an observer just waiting for the next chance to buy it again.
In fact, since we have an advanced breakdown on the RSI, this could even trigger a quick short trade, with a tight stop-loss.
We are still overbought in the 4h chart, but NIO is getting back to its normal, it seems. Another possibility Iâm working with is a sideways movement for the next days. This might work too, but I prefer a pullback. Iâm not working with a scenario that NIO will fly from here, and if it does, Iâll just be happy for its investors, but I will not buy it here, as the risk-reward is not the best. Iâll keep monitoring it, and Iâll update you guys if I see anything.
If you liked this trading idea, remember to click on the âFollowâ button to get more trading ideas like this, and if you agree with me, click on the âAgreeâ button đ.
See you soon,
Melissa.