ONT is one of my favorite cryptos to trade. It has a great mix of range, volatility, liquidity.
This coin has been on a tear. Played this on the 1.00 break a couple weeks ago. After this run to 1.60 we have a nice orderly pullback on this.
Rules of Pullback Trading:
Orderly Pullback. NO crash candles
Volume lower on the pullback then the prior push higher.
Multiple levels of convergence/support to hold up a play
Confirmation Candle.
WE are starting to see a few of these here. We have some price support developing all long with moving average pullbacks. If we get a confirmation candle around this zone Ill be looking to take a swing in this.
This coin has been on a tear. Played this on the 1.00 break a couple weeks ago. After this run to 1.60 we have a nice orderly pullback on this.
Rules of Pullback Trading:
Orderly Pullback. NO crash candles
Volume lower on the pullback then the prior push higher.
Multiple levels of convergence/support to hold up a play
Confirmation Candle.
WE are starting to see a few of these here. We have some price support developing all long with moving average pullbacks. If we get a confirmation candle around this zone Ill be looking to take a swing in this.
📈 Kunal Desai, Founder of BullsOnWallStreet – Trading Education Since 2008
🚀 Learn my trading strategies, watch live setups, and get mentored:
🔗 bullsonwallstreet.com
🚀 Learn my trading strategies, watch live setups, and get mentored:
🔗 bullsonwallstreet.com
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.
📈 Kunal Desai, Founder of BullsOnWallStreet – Trading Education Since 2008
🚀 Learn my trading strategies, watch live setups, and get mentored:
🔗 bullsonwallstreet.com
🚀 Learn my trading strategies, watch live setups, and get mentored:
🔗 bullsonwallstreet.com
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.