We officially broke the uptrend line here
When a clean trendline like this snaps, the price usually targets the exact origin where the entire move started
Not trying to catch a falling knife until the selling volume dries up
Patiently waiting for a solid reaction before looking for an entry
When a clean trendline like this snaps, the price usually targets the exact origin where the entire move started
Not trying to catch a falling knife until the selling volume dries up
Patiently waiting for a solid reaction before looking for an entry
Trade active
Target reached. Patience paid off on that trendline break.Accumulating spot here with a clean invalidation on a daily close below.
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Disclaimer
The information and publications are not meant to be, and do not constitute, financial, investment, trading, or other types of advice or recommendations supplied or endorsed by TradingView. Read more in the Terms of Use.