Depending how big your stack is, this is how you play this.
Long 2945 area +/-.
Remember, 2930.00 is the 0.618 retracement on the dot from the February ATH to the March lows.
If you start longing at 45 and it goes down, you need to be ready to double down.
If you're more risk cautious, wait for a hammer to form.
If you're a bear, take profits here (like me).
For whoever is so inclined, here is the full 4 hr chart.
Long 2945 area +/-.
Remember, 2930.00 is the 0.618 retracement on the dot from the February ATH to the March lows.
If you start longing at 45 and it goes down, you need to be ready to double down.
If you're more risk cautious, wait for a hammer to form.
If you're a bear, take profits here (like me).
For whoever is so inclined, here is the full 4 hr chart.
Nota
So I was a little bit early, 30 was the magic number. Still made money though thanks to risk management.The problem is, when fib lines are so close to supports, it's better to just wait and long the fib number instead of the support itself.
Nota
Please go here for update.
Nota
Stalled out at 61.8% retracement, that's where I wanted to short but I FOMOed and entered too early.CD leg coming in hot, that 2930 has to go!
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.