Yesterday I started building a position at $9,300 and got fully entered before the end of the day. I wanted to see us confirm the higher low and push forward to a local high while I was sleeping.
Instead we continued to pull back and retested the 50 day SMA. That test did not last long and the bulls quickly pushed the price back above $9,200. We now have multiple hammer dojis after a pull back.
We are still trading at support and if you are not in a position then this could be a good time to enter. If the price gets over $9,400 then you missed it, don’t FOMO and buy resistance!
Yesterday the stop loss was set at $8,595. After re evaluating that has been moved up to $8,924. As long as we support above $8,950 then I am feeling good about my leveraged long.
Happy trading and remember that following is free!
Instead we continued to pull back and retested the 50 day SMA. That test did not last long and the bulls quickly pushed the price back above $9,200. We now have multiple hammer dojis after a pull back.
We are still trading at support and if you are not in a position then this could be a good time to enter. If the price gets over $9,400 then you missed it, don’t FOMO and buy resistance!
Yesterday the stop loss was set at $8,595. After re evaluating that has been moved up to $8,924. As long as we support above $8,950 then I am feeling good about my leveraged long.
Happy trading and remember that following is free!
Note
It looks like the sellers are getting exhausted as support continues to hold strong above $9,150. If not in a position it still seems like a good spot to build a long.
emasar Indicator is available for purchase at alphanalysis.io/product/emasar/
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.
emasar Indicator is available for purchase at alphanalysis.io/product/emasar/
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.