Right there where you put your line is a good place to buy. However I would only put a small amount first (a nibble) and now wait since only two things will happen and you can profit from both!
- It goes up - sell ON THE BOUNCE. dont be greedy take your trade and never let those emotions take hold!
- It goes down - buy some more when it hits its last base (looks like around .021) and wait for it to bounce back up. Sell BOTH trades and you will make your money back and some more because you bought when it dropped even more.
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