LDOS LONG POSITION
Updated
LDOSLONG POSITION
As we can see, the price is in a descending triangle : it means that we expect that it'll reach the hypotenuse of the triangle, we should assure that before place the trade it touches and tests the support(we use the base of the triangle). If it reacts ang goes up , we can place a trade and take profit where there's the hyponenuse.
p.s. if it breaks the base of the triangle , probably the price will decresce and it wouldn't make sense to place a long trade, but we 'll look for a short position
As we can see, the price is in a descending triangle : it means that we expect that it'll reach the hypotenuse of the triangle, we should assure that before place the trade it touches and tests the support(we use the base of the triangle). If it reacts ang goes up , we can place a trade and take profit where there's the hyponenuse.
p.s. if it breaks the base of the triangle , probably the price will decresce and it wouldn't make sense to place a long trade, but we 'll look for a short position
Note
13/12/2021important: wait when it tests the support before open a trade, cause if we enter now it's possible that it decreases and we go in stop loss,
Note
ok, if the support holds the the price it goes up , it's a good support and we can open our trade exactly where i've put the long positionNote
i hope everyone followed my suggestion to wait the test, because a position opened early can could go in stop loss with that shadow
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.