A. Falls bellow support.
B. Break out.
RSI is also neutral.
Plain and simple.
First Time publishing Idea, just trying to get a feel for the process.
B. Break out.
RSI is also neutral.
Plain and simple.
First Time publishing Idea, just trying to get a feel for the process.
Comment:
Looks like it was able to break out. No it has to remain above the yellow dotted trend line.
Comment:
*Now
Comment:
Now, I can't speak for everyone's risk tolerance, only you can do that. No way of knowing whether some of you are taking profits, or waiting for larger movement.
Risky Long: A trader who wants to just buy in could look for an entry now since the 1-hour chart is showing a bull pennant forming. Gets you in the trade with "some" bullish sign.
Moderately Risky Long: Wait for the price to come back down and test the trend line, if it doesn't fall through, place an entry once you get a confirmation candle that it will reverse up. With a stop below the yellow trend line.
Conservative Long: Take profits now, and wait for a price dip below the yellow trend line around .00000900 ... with a stop around .00000750 This will lower your cost basis set you up to take some more profits on its return up.
Risky Long: A trader who wants to just buy in could look for an entry now since the 1-hour chart is showing a bull pennant forming. Gets you in the trade with "some" bullish sign.
Moderately Risky Long: Wait for the price to come back down and test the trend line, if it doesn't fall through, place an entry once you get a confirmation candle that it will reverse up. With a stop below the yellow trend line.
Conservative Long: Take profits now, and wait for a price dip below the yellow trend line around .00000900 ... with a stop around .00000750 This will lower your cost basis set you up to take some more profits on its return up.
Comment:
Touched the yellow trend line, let's see if it can hold. Now would be the time to watch for a reversal, if one is spotted, then now may be the time to place an entry order.