$part 1D
- 2 Failed breakouts and top resistance level in zone 1
- Flew past Zone 2
- Needs to spend more time establishing support and accumulating volume in Zone 2 before successful breakout
- No historical support, but monthly Pivot identified as support at this level
- Wave Trend near overbought levels and pointing down. Needs to reset during accumulation
- Be wary of double tops. Could be reversal sign
Comment:
Opening long entries at the 200 EMA on the 4H timeframe may also be wise and could provide a faster entry.
Once long, Stop Loss = 221K sats