E DUST And JDST Have Fallen To The Maximum Retracement Levels

I don’t see miners as a high probability trade. Especially, this late into the 6-Month cycle. Nevertheless, DUST and JDST have fallen to the maximum retracement levels for a traditional pullback. Risk tolerant and nimble traders may try to pick a bottom here. I would only consider a very small position and use today’s low as a stop.

DUST reached $27.00. If prices are bottoming, I wouldn’t want to see a drop below today’s $26.31 low.

JDST reached $65.00. If prices are bottoming, I wouldn’t want to see prices fall below today’s $64.31 low.

Trying to pick a bottom is hazardous. I can’t estimate targets until (IF) a low is confirmed. 

Disclosure: None.

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