I’ve noticed this setup recently $CSE:MINA:
The monthly chart shows a solid expansion bar off the previous lows.
The weekly just confirmed a trend mode, and there’s also a break in market structure into the last swing high.
The price action looks strong; it just needs one final push to flip the RSI. I typically don’t wait for that if there’s enough data in the price action to justify entering the trade, as it can validate the momentum later on.
If there’s another retest below 50 cents, it would be a great opportunity. It’s worth entering some here and adding on a potential retrace next week.
The monthly chart shows a solid expansion bar off the previous lows.
The weekly just confirmed a trend mode, and there’s also a break in market structure into the last swing high.
The price action looks strong; it just needs one final push to flip the RSI. I typically don’t wait for that if there’s enough data in the price action to justify entering the trade, as it can validate the momentum later on.
If there’s another retest below 50 cents, it would be a great opportunity. It’s worth entering some here and adding on a potential retrace next week.
Note
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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.