On the weekend, when trading volumes are typically lower, the probability of a significant upward move after a month-long rally is limited. While we initially had hopes for a successful scalp trade, the current market conditions do not appear as favorable as expected. We've already booked profits .
If you're a spot trader or a swing trader, it's advisable not to initiate long trades at these elevated levels!
If you're a spot trader or a swing trader, it's advisable not to initiate long trades at these elevated levels!
Daniel P. Fadejev
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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.
Daniel P. Fadejev
Related publications
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.