I’m confident we have more upside ahead, so I just added more size to my long.
This is a swing trade and I always scale in on winning positions rather than averaging down on losers. So far the setup is playing out perfectly.
After holding above the 0.618 Fib retracement and breaking structure, I believe the next logical move is to challenge the previous range highs in the $4.80 – $5.00 zone, with potential extension toward $5.40–$6.00.
Structure is clean, momentum is turning bullish, and I’m comfortable riding this trend higher.Risk is well-managed below the recent swing low.
This is a swing trade and I always scale in on winning positions rather than averaging down on losers. So far the setup is playing out perfectly.
After holding above the 0.618 Fib retracement and breaking structure, I believe the next logical move is to challenge the previous range highs in the $4.80 – $5.00 zone, with potential extension toward $5.40–$6.00.
Structure is clean, momentum is turning bullish, and I’m comfortable riding this trend higher.Risk is well-managed below the recent swing low.
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Disclaimer
The information and publications are not meant to be, and do not constitute, financial, investment, trading, or other types of advice or recommendations supplied or endorsed by TradingView. Read more in the Terms of Use.