Make_Money_Not_Friends

***CTRM BULLISH_PULLBACK_NOT_PULLPANIC***

Long
NASDAQ:CTRM   Castor Maritime Inc.

Expect a pullback towards the (0,5-0,618 FIB)
In other words towards the (0,8774-0,9007 Price)
This as a result of a good run yesterday.
This is a pullback/profit taking, not a pullPANIC. It gives us a new buy opportunity.
After this, I expect it to continue following the uptrend and a breakout above 1 dollar

Above IF it doesn't break the 1$. If it breaks the 1$, I expect it to breakout immediately towards targets.
So no guarantee for a possible 'better'entry or extra buy opportunity.


Carefull with trades due to high volatility!


Price targets:

Short term: 1,85-2,25$
Long term: 4-5$
Hold: 5+$

Will sell half position at short term target. After that, I will sell 25% at long term position. I will hold the last 25% for 5+.

DISCLAIMER: THIS IS MY OPINION, NOT FINANCIAL ADVICE.
Disclaimer

The information and publications are not meant to be, and do not constitute, financial, investment, trading, or other types of advice or recommendations supplied or endorsed by TradingView. Read more in the Terms of Use.