Update on my Serum trade
Sold at $3.42:
Why:
Price rejected at important level on 4 consecutive days.
MFI showing bearish divergence.
Re-entering:
1. If price retraces to 2.50 -2.60 range ( 0.5 - 0.618 Fib) OR
2. On a pull-back if price brakes through resistance level
3. If price goes below stop loss, buying back if it goes to support area.
Note: Not investment or financial advice.
Why:
Price rejected at important level on 4 consecutive days.
MFI showing bearish divergence.
Re-entering:
1. If price retraces to 2.50 -2.60 range ( 0.5 - 0.618 Fib) OR
2. On a pull-back if price brakes through resistance level
3. If price goes below stop loss, buying back if it goes to support area.
Note: Not investment or financial advice.
TTL
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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.
Related publications
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.