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