Good early afternoon friends.
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#1: We've seen a $200+ drop (its likely we bounce before more downside on the minimum)
#2: RSI bottomed out (buy signal) as well as momentum clouds build up which is another buy.
I closed my previous short and decided to take a scalp long up to the $10900's - possible $11000's.
Will set stops in profit as we go up.
Sitting on my hands until $10900 is broken with a confirmed retest of the support system on the 15 minute chart its attempting to breach.
Break $10930 and we should see $11000s again sooner than you think.
Please tap that like button if you appreciate the visuals and explanation provided on this long scalp.
#1: We've seen a $200+ drop (its likely we bounce before more downside on the minimum)
#2: RSI bottomed out (buy signal) as well as momentum clouds build up which is another buy.
I closed my previous short and decided to take a scalp long up to the $10900's - possible $11000's.
Will set stops in profit as we go up.
Sitting on my hands until $10900 is broken with a confirmed retest of the support system on the 15 minute chart its attempting to breach.
Break $10930 and we should see $11000s again sooner than you think.
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Hourly visuals ~The buy back pressure on that dump was impressive by bulls
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Trade closed manually
CLOSED SCALP LONGSCALING INTO A SHORT POSITION
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Looking for $10950 to hold as resistance ($10930 pre-load)
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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.