I do not post day trades or swings on smaller scale, but today I wanted to make an exception and share my execution and plan..
I'll be waiting for 1H to close above $0.2195 to open longs. With my first TP target at $0.2324.
Choppy price action to be expected, so taking profits at given regions - wise imo.. However, if you're more of a swing trader my final region of interest is $0.2526. That's also a 0.5 fib from recent impulse move down.
Points supporting my short-term long bias:
*Higher lows *Shorts are paying longs *Bullish divergences on 12H/6H time frames
This is not a financial advise! Let's have a profitable week ahead :)
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We got that hourly close above $0.2195! Long are up and running with eyes on $0.2242.
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Longs*
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Double top printed on 1h. Longs are closed with minor profit. Now waiting to see what's next Possible downside move coming towards 0.2131 & 0.2077$. If we regain $0.2195 on hourly, I might open longs again. Just observing for now.