The Long Investor
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$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
swan786
Thank you.
Vojtěch Šimeček
It 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
swan786
Thanks 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.
Vojtěch Šimeček
Here guys https://www.patreon.com/posts/lesson-finding-111467758?utm_medium=clipboard_copy&utm_source=copyLink&utm_campaign=postshare_fan&utm_content=web_share
Rob
Interested too
swan786
In the case of BYON How long constitutes a "hold" above 9 - end of trading day, end of trading week?
Steven
Come on 2 75....be a lovely entry point
Sol
Hi Cap! What source of information do you use to know that a lot of people looking for $BYON, $GRAB, $OSCR, $SOFI this weekend?
raja sekhar
Can we but Nio or Byon?
