Looking at the yearly and 6-month charts for $IT, both closed below the EMA resistance level. Following momentum rules strictly, taking long positions into this setup doesn't align with the strategy right now—the risk/reward just isn't there. The price action suggests continued downside pressure is possible. Pulling it off the watchlist for now until we get a clearer signal.
This page may contain third-party content, which is provided for information purposes only (not representations/warranties) and should not be considered as an endorsement of its views by Gate, nor as financial or professional advice. See Disclaimer for details.
9 Likes
Reward
9
6
Repost
Share
Comment
0/400
BuyTheTop
· 1h ago
Wait, is the EMA suppression this intense? Then what's the point of playing?
View OriginalReply0
MultiSigFailMaster
· 01-02 20:00
I appreciate the strict discipline, but getting off too early might cause you to miss the rebound.
View OriginalReply0
BearHugger
· 01-02 19:53
Waiting for signals to exit the position; this decline isn't over yet.
View OriginalReply0
Degen4Breakfast
· 01-02 19:53
Selling correctly, there's really no chance this time.
View OriginalReply0
zkNoob
· 01-02 19:47
Wait, should we wait and see if the EMA breaks below? I think this is exactly the opportunity to buy the dip.
Looking at the yearly and 6-month charts for $IT, both closed below the EMA resistance level. Following momentum rules strictly, taking long positions into this setup doesn't align with the strategy right now—the risk/reward just isn't there. The price action suggests continued downside pressure is possible. Pulling it off the watchlist for now until we get a clearer signal.