ORN/USDT- Retrace then bounce?

ORN / TetherUSBinance

Description

⋅ Mar 2, 2021 2:32 AM

Looks good for a retrace then bounce back to previous high.

Prefer to see a dip back to support over the next two days prior to entry.

Tight SL in place if having a go at the break entry here. - High Risk.

As always, not financial advice
Just my thoughts and TA.
Feedback welcomed.
Bingaz

Comments

kwoods1234

⋅ Mar 2, 2021 8:49 PM

Who cares, I’m just buying at any dip. Might just go all in. Easy 10X

LinasDirba

⋅ Mar 2, 2021 4:00 PM

Wouldn't a 40% retrace break the channel and trend? Big support is in 11.46-12.12 area, this setup would break through that and also the bottom of recent BTC drop at 10.40. Support at 11.30 must hold otherwise we loose the trend. IMHO

Henry_Ross

⋅ Mar 2, 2021 5:09 AM

Good idea

MoneyMakerTrade

⋅ Mar 2, 2021 5:09 AM

Nice chart