I'm seeing it test two different old resistances that are now acting as support.
My play is the short-term bounce to the next sign of resistance around $30k.
Invalidation is extremely close to entry as I know I'm wrong if support levels fail.
My play is the short-term bounce to the next sign of resistance around $30k.
Invalidation is extremely close to entry as I know I'm wrong if support levels fail.
Trade closed: stop reached:
I was stopped out. Price went about 120 below my stop and then came up about 80 short of my price target.
My lesson here in there future is to use the other trend line as support. The price target was very close to hitting, so I'm seeing if there's something I can do to dial that in a bit more to not miss those profit opportunities.
My lesson here in there future is to use the other trend line as support. The price target was very close to hitting, so I'm seeing if there's something I can do to dial that in a bit more to not miss those profit opportunities.
