WAVESUSDT Ready for another breakout today?
Waves Had a run of about 75% to the upside yesterday to $7.27
This morning it dumped down to $6.10
Currently we are seeing a bounce off this area which is a daily support.
If you aren't already in a trade, it might not be the best place to enter a long, but if you are already in the trade, it could be a reason for you to stay long.
One of the reasons I entered a long at $6.22 because of what I saw on a TPO chart and footprint chart.
I talk about likely reversal areas and where I am taking profits.
Open interest is currently increasing, which is another reason to hold a long if you are already in the trade
Not Financial advice. DYOR. Papertrade before using real money.
Safe trading guys!
Shawn
This morning it dumped down to $6.10
Currently we are seeing a bounce off this area which is a daily support.
If you aren't already in a trade, it might not be the best place to enter a long, but if you are already in the trade, it could be a reason for you to stay long.
One of the reasons I entered a long at $6.22 because of what I saw on a TPO chart and footprint chart.
I talk about likely reversal areas and where I am taking profits.
Open interest is currently increasing, which is another reason to hold a long if you are already in the trade
Not Financial advice. DYOR. Papertrade before using real money.
Safe trading guys!
Shawn
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.