OVERVIEW:
* CURRENT PRICE ACTION DOESN'T GIVE US A CLEAR PERSPECTIVE
* WE MAY EXPECT ANOTHER DIP SINCE PRICE LOOKS LiKE IT'S GOING BELOW EMA 168 AND MAIN SP / RS LEVEL
3 POSSIBLE SCENARIOS:
1. GREEN - UPWARDS SCENARIO. PRICE SHOULD PUSH ABOVE $13 LEVEL FOR BULLISH SENTIMENT
2. YELLOW - SIDEWAYS. PRICE BREAKS BELOW LOCAL SUPPORT, BUT DOESN'T FALL TOO DEEP
3. RED - DOWNWARDS. WE BREAK LOCAL SUPPORT, TEST THE RESISTANCE LEVEL AND CONTINUE GOING LOWER
HOW TO TRADE IT?:
* WE CAN GO SHORT FROM $11.4XX LEVEL WITH A POTENTIAL TARGET AROUND $9
* WE CAN CAN WAIT TO GO LONG FROM LOWER OR HIGHER LEVELS
I WILL PUBLISH MY TRADE IF I SEE AT LEAST ONE COMMENT: "LAMBOOOOS!" IN THE COMMENT SECTION
* CURRENT PRICE ACTION DOESN'T GIVE US A CLEAR PERSPECTIVE
* WE MAY EXPECT ANOTHER DIP SINCE PRICE LOOKS LiKE IT'S GOING BELOW EMA 168 AND MAIN SP / RS LEVEL
3 POSSIBLE SCENARIOS:
1. GREEN - UPWARDS SCENARIO. PRICE SHOULD PUSH ABOVE $13 LEVEL FOR BULLISH SENTIMENT
2. YELLOW - SIDEWAYS. PRICE BREAKS BELOW LOCAL SUPPORT, BUT DOESN'T FALL TOO DEEP
3. RED - DOWNWARDS. WE BREAK LOCAL SUPPORT, TEST THE RESISTANCE LEVEL AND CONTINUE GOING LOWER
HOW TO TRADE IT?:
* WE CAN GO SHORT FROM $11.4XX LEVEL WITH A POTENTIAL TARGET AROUND $9
* WE CAN CAN WAIT TO GO LONG FROM LOWER OR HIGHER LEVELS
I WILL PUBLISH MY TRADE IF I SEE AT LEAST ONE COMMENT: "LAMBOOOOS!" IN THE COMMENT SECTION
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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.
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.