SL (soft) 5.06
Long term Target 11.2. Possible lower target 10. Will be watching and for signals there.
Weekly and Daily look primed for a bottom/bounce. Keep an eye on divergences after bounce because monthly still looks and a high value buying area exists below 3.5
Higher risk trade. So lower position size for now with wider stop.
Weekly bull divs on , , FI
Daily bull divs , , FI , OBV + gap unfilled 8-11.6
This is my journal of my trades. This is not financial advice. Provided for educational purposes only.
Slope of EMAs on Weekly is too steep atm. Look for possible rejection at the Slow EMA and sell signals in the value zone (marked)
Each time price has returned to the value zone on daily envelope it saw a sharp sell off. Watch for the same to occur Monday. If not, price should rise above and flip EMAs bullish. Target on envelope is currently just above $9