Hello traders.
CTSI on a critical structure level as of this moment.
we are on the 15 min chart and as you can see we are above the 200 EMA
and the trend line is bullish (bearish on 1 minute 3 minutes 5 minutes bullish on 15 minutes and above)
even tho we are under a high selling pressure
if we want to look for a BUY price MUST hold this level, breaking down any further could invalidate the structure.
For longs holding a 0.1255-0.1260 as support AND rising from it
for shorts
a breakdown below 0.1253 would indicate a breakdown in my opinion.
if we hold and have a buy, enormous gains can be made with this trend reversal/continuation pattern
good luck
im long.
CTSI on a critical structure level as of this moment.
we are on the 15 min chart and as you can see we are above the 200 EMA
and the trend line is bullish (bearish on 1 minute 3 minutes 5 minutes bullish on 15 minutes and above)
even tho we are under a high selling pressure
if we want to look for a BUY price MUST hold this level, breaking down any further could invalidate the structure.
For longs holding a 0.1255-0.1260 as support AND rising from it
for shorts
a breakdown below 0.1253 would indicate a breakdown in my opinion.
if we hold and have a buy, enormous gains can be made with this trend reversal/continuation pattern
good luck
im long.
Trade closed: stop reached
RIP
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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.