I shared the breakout on this coin yesterday. Price continued up significantly, to around $2.18. Breakout traders were rewarded, but the safer strategy is always to wait for a retest of the previous resistance as support - in this case the previous all time high. That came overnight, with a PERFECT tap of support at $1.97.
There are no guarantees in trading, but a flip of resistance to support at an all time high is about as good as it gets. If you were waiting yesterday or set bids around that line, then you filled and are in a decent spot.
There are no guarantees in trading, but a flip of resistance to support at an all time high is about as good as it gets. If you were waiting yesterday or set bids around that line, then you filled and are in a decent spot.
scott.melker@texaswestcapital.com