Long
OCEAN// Long Opportunity
Reasons not to enter...yet:
1. We've had the break, but not the retest and reversal as yet. It would be wise to wait for more confirmation.
2. Short term downtrend, we havent broken the most recent LH.
3. BTC pull back, its still possible for ALTs to suffer as a collective, regardless of the bullishness this week.
As always, trade with a SL. Price is on a longterm uptrend and we've had good rejection from the 61% level. I believe this is a good opportunity, however, patience is key.
1. We've had the break, but not the retest and reversal as yet. It would be wise to wait for more confirmation.
2. Short term downtrend, we havent broken the most recent LH.
3. BTC pull back, its still possible for ALTs to suffer as a collective, regardless of the bullishness this week.
As always, trade with a SL. Price is on a longterm uptrend and we've had good rejection from the 61% level. I believe this is a good opportunity, however, patience is key.
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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.
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.