Distribution looks well under way, I am going to wait for the trendline break before entering. RSI, is breaking but price action has not yet confirmed. Nice bearish divergence on the entire pattern so far. Until things actually break, this thing could still have another sizable pump. Patients is important here and this could still take a couple days to play out, or it could break today. I'm going to let it do its thing and on a break of the tl, confirmed w rsi, short with sl above whatever high is set.
Yorum:
4 hr trendline broke, and RSI confirmed. I think this is the last dance for this distribution. I am short @ 24424, Sl @ 25100.. not advice, good luck everyone trading this
Yorum:
Ok, so if you are still in the trade, this part of the move should have been the strongest, still could be. The idea that we are still lingering gives me caution...If it were me id take 30% profit here and move stop to break even...there is a chance if we test 24280 area for the third time, we are going to pump much higher