Long
FLO/USD swings
This chart looks amazing. Gonna Enter a position here and look for profit on the upper resistance line. If it goes south, i will try to increase my position around the support line.
Stop loss below the support line. If price breaks either lines a major move will follow.
Stop loss below the support line. If price breaks either lines a major move will follow.
Note
The FLO/BTC also shows good signs for a safe entry here, since we are in a demand zone: Trade closed: stop reached
Seems like the support line was broken and i'm closing this trade now until it's too late. I don't believe the analysis is valid any longer so the risk is higher now.Note
The big boys made this one bounce between support and resistance until breakout which triggered FOMO.Note: Next time, allocate smaller percentage of portfolio when this pattern occurs, so that i don't have trouble holding until breakout.
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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.