Just now opened a long position on Wif. Last 4hr candle just close and am anticipating a push back up before day end as market failed to close back below prior resistance suggesting demand is still strong in this area, bulls are using it as support, at least that's how I interpret it.
It's bullish on the daily tf and likely will attempt to push towards make a new daily HH soon around my first tp area. I didn't wait for ideal confirmation as I think the price is low enough. And I have relatively good invalidation stop at current price with good RR.
Let's see if the odds play out in my favor. All the best if you following along.
It's bullish on the daily tf and likely will attempt to push towards make a new daily HH soon around my first tp area. I didn't wait for ideal confirmation as I think the price is low enough. And I have relatively good invalidation stop at current price with good RR.
Let's see if the odds play out in my favor. All the best if you following along.
Note
Scaled into wif long
Trade closed: target reached
Trade closed
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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.