Always expect the Liquidation attempt
There will always be heavy selling pressure going past any and all obvious support areas. It's a very common move just before a swing to the opposite direction.
Always be sure to separate your orders either above and/or below your expected areas.
Better to have some orders filled, then none. Even worse, placing an all-in order too high, being unable to buy the dip even more or even getting liquidated.
Personally, I don't focus on getting the exact Bottom/Top of any expected reversal. Awaiting for confirmation is better for risk management.
Always be sure to separate your orders either above and/or below your expected areas.
Better to have some orders filled, then none. Even worse, placing an all-in order too high, being unable to buy the dip even more or even getting liquidated.
Personally, I don't focus on getting the exact Bottom/Top of any expected reversal. Awaiting for confirmation is better for risk management.
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.