ZIL Long - The trend is your friend!
Working between the two daily levels of support and resistance. Noticing a global trend, I am looking to make a quick play on the local trend.
We broke a previous downtrend, flipping that line to support and then moving on to create a new uptrend.
Playing it safe and trying to minimise risk (I am learning after all!) though, I may have misjudged this upward trend in terms of width, potential to drop outside and get bitten by my SL. I am hoping the support line holds. If so, I think it will be OK. BTC dependant.... Though ZIL was behaving differently to BTC are numerous points through today...
Let's hope ZIL continues to move up in this direction without breaking those lines too much.
We broke a previous downtrend, flipping that line to support and then moving on to create a new uptrend.
Playing it safe and trying to minimise risk (I am learning after all!) though, I may have misjudged this upward trend in terms of width, potential to drop outside and get bitten by my SL. I am hoping the support line holds. If so, I think it will be OK. BTC dependant.... Though ZIL was behaving differently to BTC are numerous points through today...
Let's hope ZIL continues to move up in this direction without breaking those lines too much.
Comment:
Hold tight, as long as BTC remains above 18000 we are good I think.