bearish outlook on $BROS, looking for it to test 50 then breakdown, test up and size heavier on way down, im in as of right now short
rejection at previous support, bearish outlook want low 60s to high 50s
let it test up and go up a little be ready to go short (shares or buy puts) if puts give yourself time and n check the IV + cheap-ies i dont buy premium above 3.0 ever (intra or swing) for swing options downside risk for overnighter is 99% and losing 300 per contract a good stop
short if breaks down and tests for resistance add on/right after test long if breaks up and tests for support add on/right after test use lower time frames to see test
breaks up and tests for support add on/right after test use lower time frames to see test first box is price target once above and tests for support nxt price target is 1/2 ATR to full ATR short if breaks major support (bottom box) with test up for resistance (can be seen on lower time frame)
short if breaks down and tests for resistance add on/right after test long if breaks up and tests for support add on/right after test use lower time frames to see test
whatever I play intraday from my watchlist usually takes the direction of $SPY, knowing the direction is helpful, lets you know when to be more short bias and more long bias, but always allow to change bias on flip of a coin
moving nice, AOIs on the chart for entries and exits, any questons just put in the comments ill try to get back to you,
check out my other recent ideas for more cyrpto ideas, AOIs for exits and entries,
check my ideas for more, crypto might be a big theme this week so alt/meme coin shoud also get push espeically with $SHIB going, watch the AOIs good places for entries and exits, yes it could keep going but if you know where youre going to enter and where youre going to exit (if succesful and if faild trade you know)
A.O.Is = Areas of interest, liquidty areas, supply/demand, im not too big on the worrds, what matters is that you cann trade aand navgate the areas
short when breaks and takes levels + tests up for resistance
have no bias either way, posting levels to play the direction of MARA COIN RIOT for crypto theme,
pairing this with ethusd chart that I posted, explanation is there
watching this and btc for crypto theme into 2morrow ($COIN & $MARA) , long on break above with test and short below with test
if continuious selling pressure downwards these are my areas
solar (people love the word solar and what it means) so possible gap fill