DENT increased from last swing low by ~120% or ~80% after breakout.
Pullback in the last few cases went almost to the previous breakout. Even in the case of a rising bitcoin.
What to do is up to you. I'm buying at a low price. I don't believe myself that the price will fall to there, but I'll give it a try.
If the price does not fall - no big deal, I go back on growth.
According to the MRI indicator the correction may take from 1 to 4 candles, the first one is 2/3 gone by the time I am writing this text. The main thing is not to have a fifth.
Resistance:
Pullback in the last few cases went almost to the previous breakout. Even in the case of a rising bitcoin.
What to do is up to you. I'm buying at a low price. I don't believe myself that the price will fall to there, but I'll give it a try.
If the price does not fall - no big deal, I go back on growth.
According to the MRI indicator the correction may take from 1 to 4 candles, the first one is 2/3 gone by the time I am writing this text. The main thing is not to have a fifth.
Resistance:
- 0.00571
- 0.00465
- 0.004
- 0.00372
Comment:
I can't find any resistance on the chart at 0.00541. In any case, it is no longer resistance.
0.005 as a round number could also hold the drop
0.005 as a round number could also hold the drop
Trade closed: target reached:
Bought under 0.0055. I wanted to put the OCO on 0.0048 and 0.0051, but I had to change my mind.
next possible levels are
0.00541
0.00465
0.004
0.00372