I know, I know. Memecoin. But the chart is the chart.
We had a great trade from around 710 all of the way up to the blue circle at 1150. This was based on holding the range lows and targeting the EQ of the range (dashed line). Now we have a descending resistance. I would not even consider this until that descending line is broken, ideally on increasing volume. Nothing to do now except set an alarm on that line and step away.
We had a great trade from around 710 all of the way up to the blue circle at 1150. This was based on holding the range lows and targeting the EQ of the range (dashed line). Now we have a descending resistance. I would not even consider this until that descending line is broken, ideally on increasing volume. Nothing to do now except set an alarm on that line and step away.
scott.melker@texaswestcapital.com