"Runaway Market? Here’s Where to Put Your Stop"Today we’re diving into what to do with your stops in a runaway market 🚀📈
Just 4 days ago, we talked about the platinum market breaking higher — and wow, what a move it’s made since then. So, the big question is:
👉 Where do you place your stops now?
Here’s my approach:
🔍 First, I check the long-term time frame. We're heading toward 1348 — that’s the 2021 high, and likely a profit-taking level.
📉 Then I drop into shorter time frames — hourly, 30-min, 15-min, even 5-min if needed.
I’m currently eyeing the hourly chart, where the 55-hour moving average (green line) has done a solid job supporting the rally. It's sitting at 1227 — a reasonable area to consider for a stop, especially with little other support nearby.
Hope this helps!
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