Long on hood opened position today

I set a stop loss in the picture, but in my investing I do not use a stop loss, I just add more if it goes lower and my conviction remains.

This looks like capitulation to me, it is a very premature buy by most standards, I love catching falling knives. The RSI shows that preliminary support was much higher, and as it trends up while making lower lows in price I feel comfortable buying, that plus this giant falling wedge which just broke.

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I entered at 18.22

This is the close up of the entry and why.

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Sorry for no update, Ive been banned for a few days because I was a Bitcoin bear in TV chat.

I added more yesterday at this green circle to lower my DCA entry

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I am becoming more and more convinced this was the bottom here. At the bare minimum I expect a rally simply because shorts are going to cover.

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Doubled down today

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Things look dumpiest before pumpiest!

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I believe todays move was a liquidity scoop. There was a clear support line that if broken would trigger stop losses, which are used as liquidity for institutions to buy.

This is often how institutions scoop shares without sending price up.

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Poop and scoop