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I'll answer any question ASAP.
I'll answer any question ASAP.
Note
Plan:In case of trading, for buy positions you should be still cautious as bullish momentums are so unstable. even after breaking the orange line, price will have a major drop, hitting the redline.
so buy positions should be on low timeframes and with tight stop-loss and risk-free strategies.
but for short positions you can rely on hourly and 15 min timeframe.
if major weaknesses are observed, wait for a big drop to the green zones.
Note
Long story short:Upward positions are risky but more probable with no good risk/reward
Downward positions are less probable but with good risk/reward.
any more questions?
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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.
Related publications
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.