Quick scalp trade
ONT is at bottom of large fork and has one bounce at 4.90. which can be the stop
Entry is upon next rejection along this line probably around 4.95
Take profit around 5.60
For the last two days price has descended the small channel. Now it has broken the channel and the channel has become support. This is a bullish context as we approach the floor of the fork
See screenshot below for big picture
ONT is at bottom of large fork and has one bounce at 4.90. which can be the stop
Entry is upon next rejection along this line probably around 4.95
Take profit around 5.60
For the last two days price has descended the small channel. Now it has broken the channel and the channel has become support. This is a bullish context as we approach the floor of the fork
See screenshot below for big picture
Comment:
I need to see a second bounce from this line before entering
I need to see a second bounce from this line before entering
Comment:
I need to see a second bounce from this line before taking a trade. We should know within the hour
Comment:
sloping resistance line has become support.
Enter at 4.97
Enter at 4.97
Comment:
Support on top of new higher parallel
More precise target is 5.56