Everything is pumping but you're losing money huh?
Picking the right direction and the right trade are two different things.
Looking at ENJ currently price has formed an inverse descending triangle breaking the resistance which held for a few days.
What to do in this situation? Wait for price to retest and hold support on this level.
I.E Print atleast 3 candles above this zone with atleast one of them being a reversal candle.
Keep in mind we also need to pay attention to the price action on BTC.
First Target will be the previous top.
Picking the right direction and the right trade are two different things.
Looking at ENJ currently price has formed an inverse descending triangle breaking the resistance which held for a few days.
What to do in this situation? Wait for price to retest and hold support on this level.
I.E Print atleast 3 candles above this zone with atleast one of them being a reversal candle.
Keep in mind we also need to pay attention to the price action on BTC.
First Target will be the previous top.
Note
Took the principal out and letting the profit run...looking at add on to the position once the price action shows the opportunity. Note
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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.
Related publications
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.