Quick adding point for long positions?
Updated
Now looks like a good adding point where daily and hourly is clearly oversold, and we're at interesting support levels where a play can be set in motion with clear downside handling.
Where we're heading if we can maintain support, is harder for me to identify, so I'd try to increase stop losses if price revert.
This is just my 2cents, always follow your way of doing things, take this as inspiration.
Happy trading/Investing.
Where we're heading if we can maintain support, is harder for me to identify, so I'd try to increase stop losses if price revert.
This is just my 2cents, always follow your way of doing things, take this as inspiration.
Happy trading/Investing.
Note
Not invested in this, but so far we're moving nicely along.Just had to go down intraday and touch the tip of previous high from Oct 19'.
But as this is a play on daily candles, it shouldn't have affected the idea.
Trade closed: target reached
I'd sell now, as we might not reach to full top.
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