Waiting for retest for LINA/USDT
Hi all,
Why I see an opportunity
LINA broke through the resistance yesterday.
The retest area corresponds nicely with the Fibonacci level
With the current bullish sentiment, I am waiting for a retest as final confirmation before entering the trade. For this, I keep an eye on the price action on lower timeframes. (I don't set a buy limit).
Possible Disadvantages
- Retest can also be higher so we miss the boat
- The leverages traders (including me) are being tricked with a false breakout.
Always do your own research and use proper riskmanagement
Why I see an opportunity
LINA broke through the resistance yesterday.
The retest area corresponds nicely with the Fibonacci level
With the current bullish sentiment, I am waiting for a retest as final confirmation before entering the trade. For this, I keep an eye on the price action on lower timeframes. (I don't set a buy limit).
Possible Disadvantages
- Retest can also be higher so we miss the boat
- The leverages traders (including me) are being tricked with a false breakout.
Always do your own research and use proper riskmanagement
Not
Put your SL to breakeven if the price reaches 0.074-0.075
Feragatname
Bilgiler ve yayınlar, TradingView tarafından sağlanan veya onaylanan finansal, yatırım, işlem veya diğer türden tavsiye veya tavsiyeler anlamına gelmez ve teşkil etmez. Kullanım Şartları'nda daha fazlasını okuyun.
Feragatname
Bilgiler ve yayınlar, TradingView tarafından sağlanan veya onaylanan finansal, yatırım, işlem veya diğer türden tavsiye veya tavsiyeler anlamına gelmez ve teşkil etmez. Kullanım Şartları'nda daha fazlasını okuyun.