Momentum is in a pull back with many of the Gaming and meta tokens, though I am willing to take an entry right here on ALICE as a possible retest of the recent range break. LTF minor declining resistance break out is currently being retested, very local action but may be the start of a large movement. Rising wedge trend acting as support, as is the range breakout levels. Scalping my way into this position and building it as I go.
Just bought in at 22.70
Will stop out below 22.50 on this entry
but ALICE will remain bullish for me above 20-21 range
Keeping risk low as I am trading against short term momentum
1H RSI looks nasty stuck under 50 but is at lower trend so may find a reversal here
Daily RSI was looking over bought but this pullback has given it a little headroom
Bearish tops on the recent 1H MACD which led to this pull back, but hidden bullish div on bottoms currently being printed
Could be setting up for a significant move if range break holds
Just bought in at 22.70
Will stop out below 22.50 on this entry
but ALICE will remain bullish for me above 20-21 range
Keeping risk low as I am trading against short term momentum
1H RSI looks nasty stuck under 50 but is at lower trend so may find a reversal here
Daily RSI was looking over bought but this pullback has given it a little headroom
Bearish tops on the recent 1H MACD which led to this pull back, but hidden bullish div on bottoms currently being printed
Could be setting up for a significant move if range break holds
Nota
Strong BTC led Sell off happening across much of the market. Catching knives right now, will wait for signs of recovery
Penafian
Maklumat dan penerbitan adalah tidak dimaksudkan untuk menjadi, dan tidak membentuk, nasihat untuk kewangan, pelaburan, perdagangan dan jenis-jenis lain atau cadangan yang dibekalkan atau disahkan oleh TradingView. Baca dengan lebih lanjut di Terma Penggunaan.
Penafian
Maklumat dan penerbitan adalah tidak dimaksudkan untuk menjadi, dan tidak membentuk, nasihat untuk kewangan, pelaburan, perdagangan dan jenis-jenis lain atau cadangan yang dibekalkan atau disahkan oleh TradingView. Baca dengan lebih lanjut di Terma Penggunaan.