LAZR entry with minimal risk

Updated

LAZR failed to breakout from the triangle and continued on sideways move within a clear channel after that pattern was completed. LAZR is now on the channel support as well as the support of the 21-ema and 14-ema. Seems to be a good place to enter a position because if the price breaks below the support you can exit the trade with minimal harm. Other indicators are not very helpful here since they show mixed sentiment, so we can rely on the support and emas until the indicators start aligning themselves and giving clearer signals.

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Did you guys buy the bottom? ;)

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I closed my position on the 433.39 resistance when the red candle started printing. Will re-enter when there is more clarity of direction. Got some decent profit already. This some material for you guys to look at: 1hr charts are very useful to know when to enter/exit trades.

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possible breakout soon? Take into account this is the 1hr timeframe, so not as strong as lower timeframes but there may be something there.

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I am already out of but if you bought the bottom as I did and held you would be up a good amount now.

Safe_Trades

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