If NIO closes under the 40.90 tomorrow, thereโs a chance itโll fill the gap at 38.64. Then I believe Iโll be a good moment to buy.
It is no secret that I already booked my profits on NIO, and now Iโm 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 Iโm working with is a sideways movement for the next days. This might work too, but I prefer a pullback. Iโm not working with a scenario that NIO will fly from here, and if it does, Iโll just be happy for its investors, but I will not buy it here, as the risk-reward is not the best. Iโll keep monitoring it, and Iโll update you guys if I see anything.
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.
It is no secret that I already booked my profits on NIO, and now Iโm 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 Iโm working with is a sideways movement for the next days. This might work too, but I prefer a pullback. Iโm not working with a scenario that NIO will fly from here, and if it does, Iโll just be happy for its investors, but I will not buy it here, as the risk-reward is not the best. Iโll keep monitoring it, and Iโll update you guys if I see anything.
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.
