Rigetti Computing, Inc. to print a 70% market crash ??

** short trade - weeks ahead **

On the above 2 day chart price action has rocketed up 800% in the last 60 days. Now is a good moment to be “short”, why?

1) Price action meets flag forecast.

2) The forecast area is also monthly resistance.

3) Price action is multiple sigmas from the Bollinger Band Mean. Do not forget, 95% of all price action trades around the mean.

4) First support is around $2.35

5) Everyone else on tradingview is long. WW is a contrarian, that means he opposes popular opinion.

tradingview.com/symbols/NASDAQ-RGTI/ideas/?sort=recent

Is it possible price action continues going vertical? Sure.
Is it probable? No

Ww

Type: Short trade
Timeframe for short entry: 48 hours
Risk: You decide
Return: 70%

Trade active

Down -19% so far....

Note

up 40% since publishing, possible short squeeze. Price action on monthly is now at resistance and outside Bollinger Band on monthly, not something you often see.

Note

up 40% one day down the same the next!

** Trade very active **

Note

Full exit now recommended.

Trade closed: stop reached

Full on melt up.

Note

Exercise caution during a melt up, only use for exiting positions.

On the Bollinger Band weekly chart below price action 3 standard deviations away from the mean, well outside the band.

Note

Wallop.

without_worries

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Weblink: patreon.com/withoutworries

Allow 3-6 months on ideas. Not investment advice. DYOR

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Disclaimer

The information and publications are not meant to be, and do not constitute, financial, investment, trading, or other types of advice or recommendations supplied or endorsed by TradingView. Read more in the Terms of Use.

without_worries

BTC
bc1q2eckdzh0q8vsd7swcc8et6ze7s99khhxyl7zwy

Weblink: patreon.com/withoutworries

Allow 3-6 months on ideas. Not investment advice. DYOR

Also on: