Aug. 6 at 3:45 PM
$GSUN Likely bear trap IMO, bounced right off of .74 which is the resistance that will break soon enough on next run up
It’s down 21% on extremely low volume vs average volume- remember, institutions don’t exclusively set bull traps :)
Zoom out- the chart’s showing higher lows & higher highs, this isn’t going too much lower IMO
It’s testing and bouncing on support right now and looks like the broader uptrend is too strong to let it break below
If I was swing trading this I’d be stalking it right now for a YOLO load up because soon enough (maybe already this morning) it’s going to bottom out and run up again to at least
$1
Last uptrend was shorter and less pressurized and it ran all the way to
$1.97 from this exact same price range :)
All that to say, I think you’ll be just fine and making a profit soon enough if you stay in/load more in this range
Cc: @zenvibes
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