Hi
As you can see in my chart, there is a possible channel which has a lot of breakout or takeout during the time, and the price has broken it with strong momentum, that why I'll go with a long position till 48 prices. That might be a barrier. I put the stop below the price shadows on the channel. Take this trade at your own risk.
Why? Because in a bigger picture, the price has broken a more significant channel form downside, but I think it will bounce back in it. (I haven't drawn the channel in the chart.)
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What is your opinion? Comment it below.
If you like the idea, please hit the like button and subscribe to the profile to not miss my updates. The information given is never financial advice. Always do your research too.
Goodluck.
As you can see in my chart, there is a possible channel which has a lot of breakout or takeout during the time, and the price has broken it with strong momentum, that why I'll go with a long position till 48 prices. That might be a barrier. I put the stop below the price shadows on the channel. Take this trade at your own risk.
Why? Because in a bigger picture, the price has broken a more significant channel form downside, but I think it will bounce back in it. (I haven't drawn the channel in the chart.)
------------------------------------------------
What is your opinion? Comment it below.
If you like the idea, please hit the like button and subscribe to the profile to not miss my updates. The information given is never financial advice. Always do your research too.
Goodluck.
"You have to believe it before you see it."
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"You have to believe it before you see it."
免責事項
これらの情報および投稿は、TradingViewが提供または承認する金融、投資、取引、またはその他の種類の助言もしくは推奨であることを意図したものではなく、またこれらに該当するものでもありません。詳細は利用規約をご覧ください。