NIO - Breakout to finally take out liquidity
$NIO Inc.(NIO)$ is flat today after rejecting $5 again. We were expecting that breakout to finally take out liquidity, but sellers stepped in once more.
Right now, we’re holding that 📊 Point of Control between $4.25 - $4.50, and as long as price pulls back and makes a higher low, we should still see a push to $4.80 - $5 to fill that gap.
In hindsight, I could’ve taken some profits at $5, but I’m holding for the bigger move. If $4 holds, NIO has a serious chance of running 📈 80-100% in the next 6-12 months, breaking a previous high—just like $Alibaba(BABA)$ did.
Same setup: ✅ Smart Money Zone bounce, looked weak, then ripped 81%.
Let’s see if we get a repeat. 👀
Disclaimer: Investing carries risk. This is not financial advice. The above content should not be regarded as an offer, recommendation, or solicitation on acquiring or disposing of any financial products, any associated discussions, comments, or posts by author or other users should not be considered as such either. It is solely for general information purpose only, which does not consider your own investment objectives, financial situations or needs. TTM assumes no responsibility or warranty for the accuracy and completeness of the information, investors should do their own research and may seek professional advice before investing.
There's no certainty.
Go up need strong, united buyers.
🍌 🍌 🍌