Yesterday I told you about the daily support at 53.8k and the possibility of opening longs.
Today we got a beautiful SFP before pumping and we have now reclaimed the daily at 56.3k
If you guys have been following me for a while you know we love SFPs, so I hope you didn't get stopped out, it was a great opportunity to add to your long (after seeing the wick of course)
Now, it is important that we flip the daily as support, we haven't done it yet so no reason to get very bullish at this time.
This is a TP1 in my opinion and you can move your SL to break even, just like last time.
Above us we have a fib golden pocket and a daily at 57-57.5k, then the monthly at 58.8k
Below us we now have the daily at 56-56.3k (view this level as a region)
So let's see what this week has to offer us
And always remember : long support, short resistance. It's simple.
Any questions?
Good luck traders
Remember not to break your rules
Habib
Today we got a beautiful SFP before pumping and we have now reclaimed the daily at 56.3k
If you guys have been following me for a while you know we love SFPs, so I hope you didn't get stopped out, it was a great opportunity to add to your long (after seeing the wick of course)
Now, it is important that we flip the daily as support, we haven't done it yet so no reason to get very bullish at this time.
This is a TP1 in my opinion and you can move your SL to break even, just like last time.
Above us we have a fib golden pocket and a daily at 57-57.5k, then the monthly at 58.8k
Below us we now have the daily at 56-56.3k (view this level as a region)
So let's see what this week has to offer us
And always remember : long support, short resistance. It's simple.
Any questions?
Good luck traders
Remember not to break your rules
Habib
