Twitter Slammed into Support; Buy the Dip? 🐦 | TWITTER ($TWTR)
🦅 Twitter fact-check team got the company in some hot political water, and that controversy caused a drag on the price. However, Twitter is now coming up to a nice juicy support level where we just might get an excellent long opportunity.
Resource: www.npr.org/2020/05/...cial-media-companies
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1. Fractal Trend is showing an uptrend (Aqua colored bars) on the 1-hour timeframe. This is consistent with the recent steady uptrend seen on Twitter's chart.
2. With this strategy, we are looking for long setups in an uptrend and as such want to enter long on retests of bullish order blocks plotted by Orderblock Mapping (Aqua colored lines) and/or bullish S/R levels plotted by Directional Bias (Aqua colored lines).
3. The goal here is to take a long position at the S1 bullish orderblock and S/R flip cluster with a target of the R2 bearish orderblock.
4. Our stop loss is placed well below the S1 cluster below the gap to help avoid a liquidity hunt.
5. Other notable levels the chart include R1 and R3 which may both see reactions as price interacts with them, and generally notable as well is the pennant formed from the upper and lower trend lines. A break above the uptrend trend line and R3 would be a nice victory for the bulls, while the bulls also want to see the lower trend line hold.
Let's get this bread Twitter heads!
Resource: www.npr.org/2020/05/...cial-media-companies
✨ Drop a comment asking for an update, we do NEW setups every day! ✨
Like, Comment & Follow to help the community grow 🎉🎉
---
1. Fractal Trend is showing an uptrend (Aqua colored bars) on the 1-hour timeframe. This is consistent with the recent steady uptrend seen on Twitter's chart.
2. With this strategy, we are looking for long setups in an uptrend and as such want to enter long on retests of bullish order blocks plotted by Orderblock Mapping (Aqua colored lines) and/or bullish S/R levels plotted by Directional Bias (Aqua colored lines).
3. The goal here is to take a long position at the S1 bullish orderblock and S/R flip cluster with a target of the R2 bearish orderblock.
4. Our stop loss is placed well below the S1 cluster below the gap to help avoid a liquidity hunt.
5. Other notable levels the chart include R1 and R3 which may both see reactions as price interacts with them, and generally notable as well is the pennant formed from the upper and lower trend lines. A break above the uptrend trend line and R3 would be a nice victory for the bulls, while the bulls also want to see the lower trend line hold.
Let's get this bread Twitter heads!
