Reasons-
1) Trading above 200 ema on weekly & daily Timeframe.
2) Trading above ichimoku cloud on weekly chart.
3) Trend is friends, we wait for price to give pullback/dip to the expected demand area where we can expect other bulls to step in just to get their sl hunted.
4) I personally will enter with 50% quantity initially, if sl hunting doesn't takes price then I will enter with the remaining 50% on a pullback.
1) Trading above 200 ema on weekly & daily Timeframe.
2) Trading above ichimoku cloud on weekly chart.
3) Trend is friends, we wait for price to give pullback/dip to the expected demand area where we can expect other bulls to step in just to get their sl hunted.
4) I personally will enter with 50% quantity initially, if sl hunting doesn't takes price then I will enter with the remaining 50% on a pullback.
