JASMY descending, but maybe 0.039 to 0.04?... :)
Updated
JASMY is still descending into a triangle breakout by the end of this week.
My position is still short, however we may be able to see a small spike once more from ~T0.039 to ~T0.04, then continuing on downward on the resistance trend line.
The small spike the happened at about 0200-0300 MDT today, has gotten me thinking that we now have a channel we are working with-- still on the decline, but with some room to dance a bit.
I also speak a bit about how important it is to be able to visually find patterns within a chart
My position is still short, however we may be able to see a small spike once more from ~T0.039 to ~T0.04, then continuing on downward on the resistance trend line.
The small spike the happened at about 0200-0300 MDT today, has gotten me thinking that we now have a channel we are working with-- still on the decline, but with some room to dance a bit.
I also speak a bit about how important it is to be able to visually find patterns within a chart
Trade active
...and it looks like we do have ourselves a nice channel as of nowNote
BIG cross to the negative for the strength index on JASMY. We are heading back down, ladies and gentleman. We may stay inside our new negative trend channel, and ride it like a water-slide weeee all the way to ~T0.03 on Sunday at end of UTC. Violent fluctuation during the daily turnover, but we will see it rise again once it hits the neutral pivot for the week.Note
Note
My own stop-buy is @0.032, limit orders 0.0316, 0.03166. 0.03177..Note
Please take note of us being BELOW our daily pivot, yet ABOVE our weekly pivot.Wait it out...
Note
Be extremely careful trying for 0.0349 or something... just saying.Note
"Babyyy! Look out!" ⤵Trade active
Some new thoughts. --and my proposed stops/buysJASMY has remained steady with a horizontal creep through the channel.
We may see a larger rise from T0.035 than I originally assumed.
...I'm still leaning on JASMY eventually coming all the way back down however, if thinking about going in and chancing it, here would be my two choices for yo:
1/2 of my planned investment will be at one stop, 1/2 at the other.
Originally, I was very adamant on my thoughts that JASMY would sink back to it's weekly pivot. It still very well might, this is just somewhat of an insurance.
To be even more conservative, put 20% and another 20% at TT0.0349 and T0.03249, respectively. Save the 60% for the bottom-bottom.
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.