$AKBA There are 3 situations that could play out. Read below👇
There is the the Good, the bad, and the “medium”.
I’m not one to panic and lose my shit. Yes it’s been upsetting but I always stick to the plan, or brainstorm how/why/what “could” happen. My average is still in the green.
I’ll start with the bad first:
The bad situation implies we fall, and we fall hard. Taking a look at the 200EMA on the 180 day chart, it would appear falling BELOW that would be losing the support around $3.87 causing a really really sucky situation.
The medium:
We also fall tomorrow, but find support around $3.87 and strongly. We may bounce right back up to 4$+, or we may stay flatlined consolidating around there. Either way also pretty sucky.
The good:
We either finally get our news we’ve been waiting for, or we get some random kick of volume and the MM’s finally let go a bit and we continue upwards.
Many ppl have no idea what support levels are so here ya go.
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