Pullback levels are so important because they allow you to understand what is happening to the stock you are trading or investing in.
Typically when a stock pulls back and peoples gains begin to deminish or losses begin to mount they let emotions take over and guide their finger to the SELL button.
But, as you can see on the chart and if you watched my don't FOMO into Coinbase video, you know that 80-90% of breakouts retest and we need to wait for that to happen before entering or adding to our position.
I present to you the pullback with levels: I'm 1/2 into my trading position at this time.
Lvl 1: The cup and Handle breakout point once resistance turned support - $283
Lvl 2: Price GAP fill at $273.50
These are the levels to watch and buy if you want into this trade.
All indicators are still BULLISH and we still have a #HIGHFIVESETUP
See previous video attached to this post if you missed the full thesis.
Like l Follow l Share
Trade active
Keep adding to the $275-$295 dip buying area I pointed out above. Crypto and the market is taking a breather before we go higher.
Note
🚨 TRADING POSITION UPDATES: 🚨
As a trader/ investor you need to focus your efforts on your highest conviction plays. That's what I'm doing
Closed trades: These are still solid and will play out
GOOG NVDLNVDA Some AMZNSOFI
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.