Price tested 0.0526 and retreated. S1 @ 0.054 is the decision line.
SCENARIO 1: Price breaks above (X1), I’ll have a tight stop at 0.050, as S1 is solid Support/Resistance.
SCENARIO 2: Price bounces down off S1 , I’ll look for an entry between the 50 and 61.8 fibs after a test and rebound. If it looks like a double-top (X2b), I’ll exit for 20%-25% profit.
SCENARIO 3: Price bounces down off S1, I’ll look for an entry between the 50 and 61.8 fibs after a test and rebound; and if price breaks through S1, I’ll continue the ride and take profits along the way
IMO, with OBV leveling and a bearish divergence in RSI, Scenario 2 or 3 will play out, as right now volume and underlying price structure don’t support a breakthrough of S1. For now.
SCENARIO 1: Price breaks above (X1), I’ll have a tight stop at 0.050, as S1 is solid Support/Resistance.
SCENARIO 2: Price bounces down off S1 , I’ll look for an entry between the 50 and 61.8 fibs after a test and rebound. If it looks like a double-top (X2b), I’ll exit for 20%-25% profit.
SCENARIO 3: Price bounces down off S1, I’ll look for an entry between the 50 and 61.8 fibs after a test and rebound; and if price breaks through S1, I’ll continue the ride and take profits along the way
IMO, with OBV leveling and a bearish divergence in RSI, Scenario 2 or 3 will play out, as right now volume and underlying price structure don’t support a breakthrough of S1. For now.
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.