ENTRY : GREEN LINE (6550)
STOP: 3 % BELOW ENTRY
RESISTANCE: RED LINE
CONFIRMATION: 1D CLOSE ABOVE DOTTED LINE
TARGET: BLUE BOX
REASONS:
24H VOLATILY REACHING LOWS, BIG MOVE INCOMING (EITHER SIDE)
SHORT TO LONG RATIO IS 1.2532 AT YEARLY LOW RANGE (TOO MANY SHORTS)
LEANING BULLISH BECAUSE THIS MEANS A BIG SHORT SQUEEZE IS LIKELY
STOP: 3 % BELOW ENTRY
RESISTANCE: RED LINE
CONFIRMATION: 1D CLOSE ABOVE DOTTED LINE
TARGET: BLUE BOX
REASONS:
24H VOLATILY REACHING LOWS, BIG MOVE INCOMING (EITHER SIDE)
SHORT TO LONG RATIO IS 1.2532 AT YEARLY LOW RANGE (TOO MANY SHORTS)
LEANING BULLISH BECAUSE THIS MEANS A BIG SHORT SQUEEZE IS LIKELY
Trade active:
Price testing dotted line right now.
Raised stop loss to 6.6k (in profit)
Raised stop loss to 6.6k (in profit)
Raised stop loss to 6850 (4,5% in profit)