We have to wait a bit before market shows direction, right now sugar broke out of bearish channel
and went all the way up to support of last time,
either we move further up ( in that case you can open a long )
if it drops we will see a retreat to the marked level.
my advice is wait 6-10 hours when market is open before you open the position.
When short TP is...
this is my second idea.
We are in a bullish market.
There are few indicators for it.
- New capitol is flowing in. On ALL platforms the open LONG positions are not increasing compare to the price increase, which means there is new capital flowing in.
- all dips are being bought up quickly ( look on Friday/Saturday & Sunday)
we can fear the bear, but being in...
BTC made a really nice W formation, followed by a small consolidation and a nice breakthrough through resistance.
After that it came back to test the level one more time.
When exits you can open a nice long to 7500-7600, if it fails to break through the blue market zone it will fall back to the earlier tested support.
So my advice, wait for the market to show...