If you are interested to trade COCOA, which was in ATH few days ago, I´m suggesting to wait 5325 looks like a good entry level. BUT, please don´t use entry line as a trigger. Use REACTION on that line as a trigger. What does it mean? Price is going to fall there, most likely even below. When you see an aggressive close back ABOVE the entry line, enter and set SL. Don´t fall to the trap by buying lower(because of more favorable price). You can get trapped. Price will be more "favorable", but you will make your trade much riskier this way. Set alarms at the entry line and start to monitor the asset on 15-30M TF when alarm is triggered. If you follow me, I will try to update this trade, when my alarm rings. Wish you good luck.
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