Same as ETH - They just clipped the 80% level. I got in at 62% + spread, so I jumped in a little early, but I did add another position at the 71% level. The pink dotted horizontal rays are bear candle markers where mitigation could occur. Meaning once they hit that level the instutions holding those sells will realease them and buy for optimal profit. They previously sold to buy to get to the new high, the have their profit but now they need to get rid of the sell move they are still holding.What do you think? Bearish or Bullish? I'm, bullish aiming for $0.2700
Trade active:
Some Bullish divergence. Although I don't like the very solid support line. That means there is a lot of liquidity sitting underneath. I just hop my stop loss is enough room in case it takes a big dip before going higher.
Trade closed: stop reached:
Failed
You're either trading with Smart Money Theory or your just burning your money money. Believe me, I've been there.
