Waves Long IDEA
Updated
If the WAVES trend didn't end here . I would be looking to potentially enter a position around $34-$40 with a SL around $28.
Which comes after a correction of approximately 30% .
We can clearly see that the support zone is at the previous ATH around $35 .
The reasoning behind the tight stop loss , is that WAVES in a month had an increase of 458 %
Which comes after a correction of approximately 30% .
We can clearly see that the support zone is at the previous ATH around $35 .
The reasoning behind the tight stop loss , is that WAVES in a month had an increase of 458 %
Comment
To be honest looking the daily candle I do not believe that WAVES will hold above $30 , but will wait the next Daily candle to update .Comment
Doesn't look a good option longing WAVES at the time . I will be patient maybe look for another opportunity .Comment
It was the right decision not entering the long on WAVES .
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