We did break the 46.25, but we quickly went back to the range. Thatโs fine, as NIO needs more accumulation, and let the BB get tight again. Sooner or later, weโll explode and by looking at the RSI and considering we are above a support area, it seems itโll break up!
The problem is that we could be more oversold in the 4h chart, but Iโm not complaining. NIO is slowly breaking its resistances, and since we are at a support area, the risk-reward is pretty good.
Iโll keep you guys updated about NIO every day.
If you liked this trading idea, remember to click on the โFollowโ button to get more trading ideas like this, and if you agree with me, click on the โAgreeโ button ๐.
See you soon,
Melissa.
The problem is that we could be more oversold in the 4h chart, but Iโm not complaining. NIO is slowly breaking its resistances, and since we are at a support area, the risk-reward is pretty good.
Iโll keep you guys updated about NIO every day.
If you liked this trading idea, remember to click on the โFollowโ button to get more trading ideas like this, and if you agree with me, click on the โAgreeโ button ๐.
See you soon,
Melissa.
