Modum - B Wave Long

Like a VIBE, Modum have nice run and now completely oversold at 12H.
On the chart you can see classic squeeze model.
The more attractive level to enter is 1460 but 1500 also good.
B wave coming in next 24 hours. Take your seats and fasten your belts.
Comment: Price create false breakout without volume. So classic sueeze pattern is uncorrect now. I show more safety enter area.

Comment: Modium get ready to soon bounce and now near extreme technical support 1210.
If you want to participate - the more attractive levels is from 1205 to 1225 (the better to split orders in this range).

Comment: MOD volatility going down and this market still very attractive to add position without risk of long correction. But it looks like need few days more for price consolidation.

Now 1257 support very strong and this level very good to enter position but we can see little deep level - you can add on boths. I show this levels on the chart.

Comment: MOD completely oversold and we can start to build positions from this levels.
I publish one more support for this market.

price to Stop Loss ?
artgen567 alijla91
@alijla91, I dont open position 18 oct and write about false breakout. And I dont use stop loss on bullish market. It all about the time and patience. You can close position in loss or wait 1-2 weeks to take nice profit.
+1 Reply
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