If you want to trade GALA, here is how I would do it.
Long target with SL and short target with SL.
These need to be tight stop losses imo, with short-term target swing trades. Not looking to accumulate in this choppyness, but could easily play this if we get another leg up or if this fails and it breaks down.
Personally I do care which direction it goes, but will play it as I see fit. If we get a nice reaction to the previous S/R we broke which is now support, I will enter a long.
If we break down further and get a bearish backtest I will short it with invalidation above the level.
May low is broken, no longer support and now minor resistance, not a significant level imo but possibly a good determination of weakness or strength in the next move.
V
Long target with SL and short target with SL.
These need to be tight stop losses imo, with short-term target swing trades. Not looking to accumulate in this choppyness, but could easily play this if we get another leg up or if this fails and it breaks down.
Personally I do care which direction it goes, but will play it as I see fit. If we get a nice reaction to the previous S/R we broke which is now support, I will enter a long.
If we break down further and get a bearish backtest I will short it with invalidation above the level.
May low is broken, no longer support and now minor resistance, not a significant level imo but possibly a good determination of weakness or strength in the next move.
V
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Haftungsausschluss
Die Informationen und Veröffentlichungen sind nicht als Finanz-, Anlage-, Handels- oder andere Arten von Ratschlägen oder Empfehlungen gedacht, die von TradingView bereitgestellt oder gebilligt werden, und stellen diese nicht dar. Lesen Sie mehr in den Nutzungsbedingungen.