I've been asked a lot about new entries for those who missed my sniper entry at the absolute bottom. Look at this chart, and you will see a large tail under one of the recent 4-hr wicks. This represents liquidation, and can mean that the real move will happen, now that the speculators are out, and their positions are now controlled by their institutional brokerage firm.
This being said, use a stoploss below that price. That's a pretty rare thing to see--sorry to those that got stop hunted-- but use it to your advantage if looking to enter new
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.