Waiting for the daily close and some lower time frame indication of a possible break out or downtrend continuation.
Ideally want to long AFTER the pull back and retest - given we find strong support. Only then should you look to enter.
If price stalls out at the current level, I will consider placing a small bet short with a tight stop just above the daily high.
**Price has wicked up and close within the trendline quite a few times below. Best to exercise paitence to see what happens...OR yolo it and long resistance in hopes a whale manipulates the price and traps late buyers.
Ideally want to long AFTER the pull back and retest - given we find strong support. Only then should you look to enter.
If price stalls out at the current level, I will consider placing a small bet short with a tight stop just above the daily high.
**Price has wicked up and close within the trendline quite a few times below. Best to exercise paitence to see what happens...OR yolo it and long resistance in hopes a whale manipulates the price and traps late buyers.
Note
Note
Entry time, S/R Flip, Stop under supportNote
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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.