*** This is another continuation post (v2) from the previous one, as per my posting methodology where I like to link the trading story where its applicable *** Link supplied below:
Keeping it short and to the point. I entered in the bottom formation and now I wished I bought more. We can see a nice Inverse H&S took place and the target has confluence with previous support and resistance levels; If you missed out, this pullback will be shallow as per my chart so don't miss out on the 4 HRLY.
Enjoy,
S.SAri
2 Day chart looking positive
Macro view
Weekly chart, gaining momentum but not there yet. Need to see the RED rsi above 50%.
PREVIOUS POST (Note Mistake on the title, BNB should have been BNT
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When you get it wrong, find out why. Here, I would have called the same again. However I would not have taken the trade because there was no bullish candle combination on the 8 Hrly, but the setup looked good. The reason it did not do well is because the pullback was too deep and hence a down trend is what the masses went with, shorting.