Watching for a pullback into support and see if it holds.
Look at the monthly rsi really bullish territory if it holds up there could be quite e move coming. I would not bet against this quite yet for short because of the monthly rsi would be watching for a divergence to set up.
I would be taking profits soon. scale-out if needed you can always add back again.
3 standard deviation move usually means a high probability of revisal or sell-off. however, above 4 standard deviations, we can get an exponential move, as we see here. watch your position sizing.
Look at the monthly rsi really bullish territory if it holds up there could be quite e move coming. I would not bet against this quite yet for short because of the monthly rsi would be watching for a divergence to set up.
I would be taking profits soon. scale-out if needed you can always add back again.
3 standard deviation move usually means a high probability of revisal or sell-off. however, above 4 standard deviations, we can get an exponential move, as we see here. watch your position sizing.
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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.