RenderLong
RENDER Long OPPORTUNITY!! LAST CHANCE!!
Where price is @ currently, is a good position to buy and hold. You can pay yourself out a bit on each target profit marked. You should leave a bit more on the side for the long term run up.
Idea: Price will make the interweek low, Tuesday - Thursday(I know i said Wednesday on the chart but T-TH is the ideal spot) and have a run up taking out Mondays high! Right Away you should pay yourself a little bit and continue on forward. Price will trick people to think it will DUMP, triggering sell stop on a "broken support" level, and make a run up, causing people to lose money and make the whales, institutions, etc, more money. This is currently at a discounted price level. These are key things to look out for: consolidation, manipulation, expansion.
Consolidate: Building up liquidity in a small range, in other words, make buy/sell stop orders to target where the money is.
Manipulation: Trigger stops, other words, make people believe we are heading in the direction retailers expect
Expansion: Expand to the opposite direct, in other words, take their money and go!
Idea: Price will make the interweek low, Tuesday - Thursday(I know i said Wednesday on the chart but T-TH is the ideal spot) and have a run up taking out Mondays high! Right Away you should pay yourself a little bit and continue on forward. Price will trick people to think it will DUMP, triggering sell stop on a "broken support" level, and make a run up, causing people to lose money and make the whales, institutions, etc, more money. This is currently at a discounted price level. These are key things to look out for: consolidation, manipulation, expansion.
Consolidate: Building up liquidity in a small range, in other words, make buy/sell stop orders to target where the money is.
Manipulation: Trigger stops, other words, make people believe we are heading in the direction retailers expect
Expansion: Expand to the opposite direct, in other words, take their money and go!
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.