This is a bit of a rant, but important none-the-less, I believe. Especially for new traders.
I do talk about how the RSI is a very good indicator for fluctuation and market saturation.
Note
Are we going to be now riding that slide back down... ...or is she gonna fall straight back out that hole and down?
Either way-- short.
Note
"Babyyy! Look out!" ⤵
Trade active
Some new thoughts. --and my proposed stops/buys
JASMY has remained steady with a horizontal creep through the channel. We may see a larger rise from T0.035 than I originally assumed.
...I'm still leaning on JASMY eventually coming all the way back down however, if thinking about going in and chancing it, here would be my two choices for yo:
1/2 of my planned investment will be at one stop, 1/2 at the other. Originally, I was very adamant on my thoughts that JASMY would sink back to it's weekly pivot. It still very well might, this is just somewhat of an insurance.
To be even more conservative, put 20% and another 20% at TT0.0349 and T0.03249, respectively. Save the 60% for the bottom-bottom.
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