TQQQ strat , will watch closely for a potential re entry . As my previous idea states I am going to share my re-entry on the TQQQ strat this time .
There is some signs of bullish price action here and looks like we might pull off a wedge pop here soon . A wedge pop is when the price pulls back above the 10/21 ema's .
Personally the entry will be when the price closes above the TQQQ stop will be vs the low of that candle and or the 21 ema . Usually whichever is less . There is another signal too and that's the 50 sma . Which is currently above the 10/21 . I suppose you could participate in both events maybe if you wanted to play it safer you could take a smaller weighted position on this first signal and a larger one on the 50 sma ? Anyways everyone's preferences are their own and its important to know yours to respect risk tolerances .
will update if a position is taken , have set an alert above too ..
