$SHOP TOP 20
Added 2024-07-02 20:28:52 +0000 UTC$SHOP performed well today but this is after a weak day yesterday.
On the chart, we can see that a lower low and lower high are in now, so a pull back to the 0.5 Fib at $62 can still not be ruled out just yet.
Bulls however will like that the price is sitting on the 50 Day MA.
We are talking about small percentages here and if you are going to be a long term holder of $SHOP then it does not matter if you buy here or at $62 or even $60 at the 0.618 Fib.....all we are concerned about is that the price action stays in this yellow channel and in an impulse wave, everyone is in profit then.
