We have likely triggered the Algos over the last few weeks and we can see that we saved the price action from a death cross at the end of April and flipped it to a Golden Cross yesterday on the daily chart
The price has run hot now but still valid as an impulse wave but like $HIMS, we don't want to see a parabolic move further
The 4.618 Fib is at $9.23 which we know is the most extended Fib level....if the price action goes beyond this point then it is a parabolic move for me and we will expect a harsh decline next.
We have two great buys in already but I will not be adding again until we get a healthy pull back.
So let's sit tight, don't get played here and wait for our next entry.
JG
2025-05-23 12:46:42 +0000 UTCJoel (ASTS Fan Club)
2025-05-23 12:39:25 +0000 UTC