One Last Drop Before Take Off?Price is still in a pullback phase, and the next potential target zone is around 0.07488 – 0.07334.
We might see one last dip before BINANCE:STPTUSDT resumes its uptrend.
If the price reaches this pullback zone with a bullish divergence, that would be a strong confirmation for a possible reversal.
But even without divergence, we can still rely on candlestick patterns to signal a potential reversal at that level.
What do you think — will BINANCE:STPTUSDT bounce from this zone or break lower?
15minutestimeframe
WheatUSD Oanda Buying Breakout Trend ContinuesRealising my folly from my previous trade, I recognised my faults.
Recap -
1st - I traded with the Higher Time Frame and Entry Time Frame Trends, but I am actually entering on a opposing trend against the Lower Time Frame, and that is why the price never move in my intended direction after hours.
The opposing trend movement is also a sign that price is tanking, and that the Big Boys might not be into this product anymore.
2nd - Trade Breakout Trends was my thang. But I subconsciously/consciously shifted my setups to Trend Following which is to buy high and sell higher. Low winrate, needs to gather a ton of trades before the results show, stressful way to trade. I recognised my fault and now I shifted myself back to Breakout Trends.
I would like to add on also that, I would see this as a price game instead of a time frame game. But I also recognise that 50/60MA on the 15Minutes Time Frame is very powerful, and I called it Duck Hunting and I would be hunting ducks again, on the 15 Minutes Time Frame.
Would I trade on the 4H Time Frame or the Hourly? It's a price game so as long as the price is right, and it aligns with my point 1 and 2, I would.
2019SGT
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