As we see, there is a very long trend with small consolidations.
Interesting is, entry and exit of consolidation is the same price (marked with blue and teal arrows).
Setup: I want to ride that incoming long wave. In the past the breakouts were at least 10-15 up to 40 and more USD.
Entry trigger: If price drops to entry level of consolidation, thats when I pull the trigger. Since we are chasing higher ATH here, it is hard to predict where we will end up, so I will go with an trailing stop as soon as we are even.
Good luck and remember:
Only trade what YOU agree. I am not a wizard, able to foresee the future!
Interesting is, entry and exit of consolidation is the same price (marked with blue and teal arrows).
Setup: I want to ride that incoming long wave. In the past the breakouts were at least 10-15 up to 40 and more USD.
Entry trigger: If price drops to entry level of consolidation, thats when I pull the trigger. Since we are chasing higher ATH here, it is hard to predict where we will end up, so I will go with an trailing stop as soon as we are even.
Good luck and remember:
Only trade what YOU agree. I am not a wizard, able to foresee the future!
Note
The pullback seems to be busy somewhere else right now, lets for him to come and visit this chart before entering a trade here.Trade active
It a little spiky right now, but the general direction looks good for us!
Free Trading Education:
discord.gg/EQmck5aU
discord.gg/EQmck5aU
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.
Free Trading Education:
discord.gg/EQmck5aU
discord.gg/EQmck5aU
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.