If the price comes back to the 35$-40$ level in combination with a reversal candle pattern (hammer, doji, engulfing etc.) the trade can be entered. After the reversal pattern is confirmed, the stop should be placed below the support area. The parabolic SAR (default settings) can be used as stopmanagement.
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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.
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.