$AIN has arrived at the spot where growth may meet serious resistance.
The upper boundary of the channel is currently running near $0.066, and above that there is a more important zone at $0.074.
If the price gets a rejection again, my downside scenario looks like this:
$0.056 → $0.050 → $0.041
But a confident close above $0.074 will make me completely rethink the idea of a short.
I don’t chase the pump. I’m waiting for the moment when the market itself shows weakness.
The upper boundary of the channel is currently running near $0.066, and above that there is a more important zone at $0.074.
If the price gets a rejection again, my downside scenario looks like this:
$0.056 → $0.050 → $0.041
But a confident close above $0.074 will make me completely rethink the idea of a short.
I don’t chase the pump. I’m waiting for the moment when the market itself shows weakness.