The 30m chart is way overextended on this slow crawl up (purple line). The resistance it formed is now waaay to steep and even tho it managed to break a resistance (orange line, drawn on 4h, see my chart from earlier today) and is now ready to take, at least, a small scalpable dip. Since SL is so close, this is a risky move, but could net some good money.
We have a failed attempt from ema9 to cross SMA20 on its way down from a few hours ago (marked with a red arrow), the money needed to keep those two lines from crossing at this point is too much and as you can see, the volume is just not there. Asia has already joined us and they don't seem to be wanting to make any sudden pumps.
Remember, no trader who sets his stop loss has ever gone broke. And if the amount of money the stop loss would make you lose is something you do not feel comfortable with, then the trade is not for you. There will always be another one.
We have a failed attempt from ema9 to cross SMA20 on its way down from a few hours ago (marked with a red arrow), the money needed to keep those two lines from crossing at this point is too much and as you can see, the volume is just not there. Asia has already joined us and they don't seem to be wanting to make any sudden pumps.
Remember, no trader who sets his stop loss has ever gone broke. And if the amount of money the stop loss would make you lose is something you do not feel comfortable with, then the trade is not for you. There will always be another one.