Added to my xiaomi position… but let’s be honest - technically, this might not be the smartest move right now.
Technical Picture (Not Pretty):
• Entered during an obvious downtrend with no clear bottom in sight
• MACD still deep in the red zone — momentum clearly against the bulls
• Latest daily candle: red body with a long upper wick, showing selling pressure
Why I Bought Anyway:
Purely to add to my long-term holdings — could have waited, but this was an emotional buy. The Xiaomi brand and ecosystem just feel too strong when you see how integrated their products are in daily life.
Bottom Line:
From a trading perspective, the timing is risky. From a long-term believer’s perspective, it’s about conviction over charts… but even then, patience might have paid better. Let’s see if fundamentals can eventually overpower the current technical weakness.
#fomobuy
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