the uptrend have been confirming the support trendline, today's daily candlestick is showing a red with a wick rejecting a sell at that same trendline. wait till till tomorrow to confirm when a green candlestick will develop. wait till there is enough confirmation for a BUY ORDER.
Note
it broke the support trendline and major support line, went for the next major support line but rejected sell at that level, wait till you can see a confirmation of a buy if it retraces above the support it broke @56027 2 options
1. it does retrace over it creates a short term buy and bounces using the trendline support which it broke as a resistance
2. it retrace over and goes higher
Note
ALWAYS WAIT FOR A CONFIRMATION, I PLACED A SELL ORDER AT THE BEGINNING AND CLOSED AT 52k AS MY T.P...nice. :)
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.
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.