$BYON
Added 2025-02-16 13:54:22 +0000 UTCA lot of people looking for $BYON, $GRAB, $OSCR, $SOFI this weekend, I know people are eager to find the next 5 X bagger....they won't all hit like $HIMS and $PLTR but we'll watch all the set ups and take a position if the risk assessment is there for more upside.
$BYON is on the cusp of breaking out of a 3 year descending wedge....very similar to $NIO....a break and hold above $9 and the next test is the 50 WMA at $13.90, clearing this level and the 200 WMA is next $34.
Rejecting trying to get out of this wedge and the blue line comes into play then at $2.75.
Comments
Thank you.
swan786
2025-02-16 17:59:30 +0000 UTCIt is always more safe to wait for at least a daily close, support confirmation rarely happens in one day. However I wouldnt get too focused on a time confirmation, rather a price action - higher highs, higher lows - impulse structure
Vojtěch Šimeček
2025-02-16 17:45:40 +0000 UTCThanks Vojtech. I did consult that document - but my question was more to the issue of time ( day vs week). Some traders specifically say support is not confirmed unless the spot they want it to hit, happens at final close of day or close of week. Lara of Pure Elliott Wave, on the other hand, says if a support or resistance happens even for one "tick" at any point in time then support or resistance is confirmed.
swan786
2025-02-16 17:40:21 +0000 UTCHere guys https://www.patreon.com/posts/lesson-finding-111467758?utm_medium=clipboard_copy&utm_source=copyLink&utm_campaign=postshare_fan&utm_content=web_share
Vojtěch Šimeček
2025-02-16 16:28:08 +0000 UTCInterested too
Rob
2025-02-16 15:04:14 +0000 UTCIn the case of BYON How long constitutes a "hold" above 9 - end of trading day, end of trading week?
swan786
2025-02-16 14:54:48 +0000 UTCCome on 2 75....be a lovely entry point
Steven
2025-02-16 14:51:17 +0000 UTCHi Cap! What source of information do you use to know that a lot of people looking for $BYON, $GRAB, $OSCR, $SOFI this weekend?
Sol
2025-02-16 14:29:13 +0000 UTCCan we but Nio or Byon?
raja sekhar
2025-02-16 13:58:45 +0000 UTC
