Successful short leads to RSR Long to 0.0027 and 0.004I came close to registering the fist loss of 2023 by shorting the first wave too soon.
Instead I held off and waited for the dip to 0.002169 to accumulate again.
My rule for 2023 was simple. Only close winning trades or break evens.
This is a perfect gold fish sequence in the daily time frame;
1: The orange line the "gold fish" was broken
2: the price was trapped shortly after.
3: We pushed into the upper range to find the distribution zone
The next thing we will see is a break of the upper moving averages to the last blue line first TP.
Following this move we will turn the last blue line into the new support and all the moving averages will compress.
Depending on market wide conditions this could lead to a 6 - 12 month up-trend but I am still cautious.
In my strategy both longs are short are equally important and play their role in exposing me to opportunities and protecting my capital.
Hold, share, educate.
