I fell victim to the TRCH hype at a loss already. This time we're going to follow some strict rules.
We may miss the train but that is better than chasing it.
- Buy in the demand zone highlighted
- Sell in the supply zone above (less obvious on the chart)
- Look for 3:1 return on risk. This pushes our entry down from the top of the demand zone towards the middle
We may miss the train but that is better than chasing it.
Comment:
Price touched our entry and stabilized at a higher price. We'll see where it goes on Monday!
Trade closed: target reached:
It's a winner