Search
Products
Community
Markets
News
Brokers
More
EN
Get started
Community
/
Ideas
/
TIGR - Is the Selloff Finally Over?
UP Fintech Holding Limited
Long
TIGR - Is the Selloff Finally Over?
By sooshiz
Follow
Follow
Nov 24, 2021
0
Cheer
Cheer
Nov 24, 2021
TIGR
Breakout imminent along with a double bottom bullish pattern on a strong support level.
Current candle has broken out of downtrend but the next candle that follows is key to get confirmation of this breakout.
Longs can choose to enter once next candle respects the new resistance-turned-support.
Conservative longs can choose to enter once price pulls back and retests new support for a better RR ratio.
Regardless, longs are in for a highly attractive RR if we get confirmation and breakout holds as we move to higher levels.
Nearest resistance level is that of the previous double top levels (~$7.54).
Would advise to exit or take profit on trade before earnings.
Candlestick Analysis
Support and Resistance
TIGR
Trend Lines
sooshiz
Follow
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
.