If you want to trade GALA, here is how I would do it.
Long target with SL and short target with SL.
These need to be tight stop losses imo, with short-term target swing trades. Not looking to accumulate in this choppyness, but could easily play this if we get another leg up or if this fails and it breaks down.
Personally I do care which direction it goes, but will play it as I see fit. If we get a nice reaction to the previous S/R we broke which is now support, I will enter a long.
If we break down further and get a bearish backtest I will short it with invalidation above the level.
May low is broken, no longer support and now minor resistance, not a significant level imo but possibly a good determination of weakness or strength in the next move.
V
Long target with SL and short target with SL.
These need to be tight stop losses imo, with short-term target swing trades. Not looking to accumulate in this choppyness, but could easily play this if we get another leg up or if this fails and it breaks down.
Personally I do care which direction it goes, but will play it as I see fit. If we get a nice reaction to the previous S/R we broke which is now support, I will enter a long.
If we break down further and get a bearish backtest I will short it with invalidation above the level.
May low is broken, no longer support and now minor resistance, not a significant level imo but possibly a good determination of weakness or strength in the next move.
V
Vatsik
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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.
Vatsik
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.