Ill make it brief for today as the path is straight, direct, through, a bullish one.
I am still holding my 20x long from 55500, now rising stop profit to 57900 (please see my previous posts for better guide)
There are 2 possible scenarios for today's trade:
1. Direct long from current position (risk: correction may occurs)
2. Wait for a correction on the purple support line before entering a long (risk: the train goes further bullish and no pullback occurs) - I recommend this one if you have no position at the moment
I leave it to your discretion on which path you might take for that one.
There is a very very very strong resistance at 60k or precisely 599xx. I recommend closing your long there and change your position to short as a pullback is unavoidable after a such long bullish run.
I hope my post can help your decision making. Please consider leaving a like or share your comment should you find it helpful, thank you kindly
I am still holding my 20x long from 55500, now rising stop profit to 57900 (please see my previous posts for better guide)
There are 2 possible scenarios for today's trade:
1. Direct long from current position (risk: correction may occurs)
2. Wait for a correction on the purple support line before entering a long (risk: the train goes further bullish and no pullback occurs) - I recommend this one if you have no position at the moment
I leave it to your discretion on which path you might take for that one.
There is a very very very strong resistance at 60k or precisely 599xx. I recommend closing your long there and change your position to short as a pullback is unavoidable after a such long bullish run.
I hope my post can help your decision making. Please consider leaving a like or share your comment should you find it helpful, thank you kindly
Trade closed: target reached:
We hit the resistance soon, time to close earlier rather than letting it get rejected hard
