Position Long at 9900~10000
Stop loss at 9500
Reasons:
O RSI at 30 in hourly candle (overbought)
O Bull Flag formation with temporary bottom found at 9950 ~ 10000
O RSI also forming a bull flag, ready to spike up
O Large amount of volume accumulated at the 9700 ~ 9900 zone
O Neckline formed if the 10100 line is broken with enough volume
O Next resistance is formed at 10300
Stop loss at 9500
Reasons:
O RSI at 30 in hourly candle (overbought)
O Bull Flag formation with temporary bottom found at 9950 ~ 10000
O RSI also forming a bull flag, ready to spike up
O Large amount of volume accumulated at the 9700 ~ 9900 zone
O Neckline formed if the 10100 line is broken with enough volume
O Next resistance is formed at 10300
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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.
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.