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.
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MultiSigFailMaster
· 23h ago
I appreciate the strict discipline, but getting off too early might cause you to miss the rebound.
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BearHugger
· 23h ago
Waiting for signals to exit the position; this decline isn't over yet.
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Degen4Breakfast
· 23h ago
Selling correctly, there's really no chance this time.
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zkNoob
· 23h ago
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.