- This is a non log version of the chart, which shows the inside the more clearly. This could create a potential back test towards the channel resistance.
- A break of the support of the could give us the volatility/acceleration we need to see a intraday bottom.
- Initially i had a 50% buy limit at 5532, but considering that a lot of semi strong bounces are being rejected, i'v cancelled that buy and will be waiting for a strong intraday bounce in the yellow marked areas.
- I will be closing all my positions around 10500-11200.
Please like if you appreciate the idea.
Below ~4900 there's really not much holding it from moving towards 2.Xk, so instead of buying 50% on a bounce, i want to have some additional liquidity in case price reaches 1-3k. Therefor i'm doing a 30-30-40 buy ladder. I'll be looking to add 30% around 4.9k if price shows strength here and then i'll have another 40% in case it breaks and reaches 1-3k.
I'm looking for a break above our 7821 buy and will close 50% of my position @ 9300 and the rest at the previously mentioned area of 10500-11200.
I'm still HODLing, but previously mentioned exits/entries are less certain to me at the moment:
Will be looking to add lower around sub 7.5k if price reaches this level.
Stay tuned for tomorrows Week 7 - What are we watching?