Hidden bullish divergence spotted on the RSI/CCI. We can see the price rebound to 9500-9800 area, which would be a good entry to reshort.
Potential Ideas
Long scalp
Entry 8550-8650
Stoploss 8300
Targets 9500-9800
Potential Ideas
Long scalp
Entry 8550-8650
Stoploss 8300
Targets 9500-9800
Comment:
Stoploss hit but price bounced strongly from 8250.
Comment:
I feel that this a stophunt considering the bounce, so best to re-enter the trade, and and leave the stoploss at 8200, entering 8300-8700 scaling in
Comment:
Nice job guys, price is at 9300. Move up the stoploss higher. I see on some exchanges it wicked to 8185, while others was 8205, meaning the stoploss was too tight.That was a mistake and a good lesson for future to not have too tight a stoploss. Depending on the risks you take you can have a more lose or tight stoploss. Stophunts are common in this game so dont have too tight a one.
CCI at 80 at Price 7800
RSI at 61 at Price 7800
CCI at -117 at about 8550 price
RSI at 30 at about 8550 price