COLR: TIGHT LONG
Updated
These tight longs are the best. Very favorable risk-reward. Breaking this current orange downtrend *tik tik* will result in a rally with a possible . Ill restrain myself from too hih targets, so initial target is 30.5-32 then 36 and 40. with INVALIDATION @ 25.80 (new lows)
We could still push lower, following the current orange downtrend. Zooming out this is the first buy zone off 4. Buy zone 26.5 is followed by 22 then 18 then 15. with rising prices and stiff competition, the profit margin is likely to shrink. With continued turmoil i do expect lower prices in the future.
Bottom perhps in 2023.
We could still push lower, following the current orange downtrend. Zooming out this is the first buy zone off 4. Buy zone 26.5 is followed by 22 then 18 then 15. with rising prices and stiff competition, the profit margin is likely to shrink. With continued turmoil i do expect lower prices in the future.
Bottom perhps in 2023.
Note
It cant go above its 21 MA. it should charge above its 50MA to be bullishTrade closed: target reached
target 1 reached. for those who profited: congratz!for those who didn't, the stop was hit. it was tight so minimum losses.
Trade closed: target reached
It was a succes. ClosedNote
altough closed, still watching. if it rejects from this level (30) then i would not be suprised to see a ~50% drop to the 21 area again
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