From technical point of view we can see that price came to the upper trend line which is the copy paste of lower trend line.
From psychological point of view I see a lot of FOMO.
"bull run started"
"load your bags or stay poor"
"generational lows"
"what if I missed a bull run again. I need to buy now"
When you look at the WALL STREET CHEAT SHEET - PSYCHOLOGY OF MARKET CYCLE I see another (probably last) push lower which is the step from anger to depression. ( link to Wall St. cheat sheet psychology of market cycle therobusttrader.com/...mg_620a3cd9a8957.png )
On a long run I still think that these levels are good levels to get in but you can face at least 30% drawdown .
This is only my point of view. Do your own research and trade your own analysis.
From psychological point of view I see a lot of FOMO.
"bull run started"
"load your bags or stay poor"
"generational lows"
"what if I missed a bull run again. I need to buy now"
When you look at the WALL STREET CHEAT SHEET - PSYCHOLOGY OF MARKET CYCLE I see another (probably last) push lower which is the step from anger to depression. ( link to Wall St. cheat sheet psychology of market cycle therobusttrader.com/...mg_620a3cd9a8957.png )
On a long run I still think that these levels are good levels to get in but you can face at least 30% drawdown .
This is only my point of view. Do your own research and trade your own analysis.