This chart simply shows the length of time SPCE has spent below the 200 day MA in the past. This may help some of you manage your expectations.
It is possible that things have "changed" and as the hype may have reached it's climax, but based on technical analysis we have zero indication at this time that this is true. So far, the uptrend is intact and the price is behaving "normal" as we can see based on historical price action.
In the past, we have seen that any buy below the 200 day moving average has been well rewarded, however there is always that chance that this time is different, as with any trend.
Please see my related idea below on SPCE showing previous draw downs and gains from the 200 day moving average.
Also, please like this post if it helped you in any way - it'll encourage me to post more content.
It is possible that things have "changed" and as the hype may have reached it's climax, but based on technical analysis we have zero indication at this time that this is true. So far, the uptrend is intact and the price is behaving "normal" as we can see based on historical price action.
In the past, we have seen that any buy below the 200 day moving average has been well rewarded, however there is always that chance that this time is different, as with any trend.
Please see my related idea below on SPCE showing previous draw downs and gains from the 200 day moving average.
Also, please like this post if it helped you in any way - it'll encourage me to post more content.
My goal is to find the best risk:reward setups. For instance, if you risk $1,000 at a chance to make $5,000, you can afford to be wrong 4 out of 5 times and still not lose money. I hit my targets over 50% of the time.
