today we have the biggest volume in one year it will finally break out from the long term base? it is above moving average increasing revenue, increasing sales stop loss depends a lot on your strategy
increasing daily volume broke above consolidation above moving averages that are pointing up big ADR
NASDAQ:AFRM news yesterday biggest buying volume since February brake-out above trend line notoriety on X.com
looking for a long here after this acceleration to the downside another reason would be the divergence on smaller timeframes white line is the 61.8% fib and the green one is a long term price where the price usually reacts
reasons: 61.8 fib retracement look at Platinum/Silver chart diverging on 4h and 1h something that can be bought and forgot
reasons: -big volume before breakout -nice consolidation -price above pointing up moving averages -all time high
increasing volume consolidation above moving averages stop loss not bigger than 5% weekly looks good also
this looks great in this moment: -61.8% fib already tested -false bo from the descending channel bottom -old lows were also tested -PA tells me it wants to test at least the MAs
starting with a small position here. reasons: -divergence on the hourly -false breakout with the last low made -on smaller timeframes we are above the moving averages
looking here for a long after we broke the small double bottom patern starting very small again with this end of year and adding if going into profit I do not mind holding it for a longer time since the carry is positive :) One target can be the the 100SMA on the 4H but depends a lot on the price action
Starting a position here. Reasons: -61.8 fib; -a lot of negative days; hoping for at least one green day; -this looks like a retest of the previous area(1000$ level); I will follow the PA to see if I add or close the position.
entering a small long here playing an early false brakeout
Small long here, I will add depending on the price action. Reasons for the trade: -acceleration to the downside -anticipating a false breakdown(maybe the add will be after we get back above 950) -divergence on the daily TF -some round price numbers
going long here after the acceleration expecting another low since we are not diverging so starting with a small position
catching a small knife move countertrend here starting small will add if we will have another acceleration to the downside
Going into the end of the year, I believe this is a good trade. we are not at the 61.8 fib retracement and acting weak above the moving averages. First trade small and I will add even on the upside until I have a full position
the break of 1000 was a false breakout? I do not know, but I will try a long here risking the lows + some change
risking 35 pips for a very short time frame to see where this goes I will probably add if it will go in my favor