Hm...It slammed into a bit of supply.. you can see it right on the session divider those 2 volume bars. Going to see if it comes down for a final test. I dont like buying right at the edge there. My personal rule is that is price is above centreline on RSI its too high.There are exceptions but I don't care. In order to be consistent you need to have rules.
With that said the 1H is showing it hit some demand on the way down. Possibly why we are seeing this attempt at mark up here.
The one thing that is making me question wether or not this can make another leg from here is when you look at the daily. On the daily it looks high. So maybe i'll look for long entries but with tighter risk measures.
Going to see where it lands on the next pullback but f it does take off now and i'm not in it, i don't care. Price always comes down. If i miss it there will be another opportunity later.
Practice*
With that said the 1H is showing it hit some demand on the way down. Possibly why we are seeing this attempt at mark up here.
The one thing that is making me question wether or not this can make another leg from here is when you look at the daily. On the daily it looks high. So maybe i'll look for long entries but with tighter risk measures.
Going to see where it lands on the next pullback but f it does take off now and i'm not in it, i don't care. Price always comes down. If i miss it there will be another opportunity later.
Practice*
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