GOOD OPPORTUNITY-LONG COVERS-STRONG LEVEL
Wonderful classic setup- hyper growth facing a strong level!
I do not care about the fundamentals. I just know, that facing a good level is a great opportunity for people to cover their longs and take profit.
So, unless we see an instant breakout, and the price stops at the level, people will start covering parts of their positions, and the big buyer will stop being so aggressive, hoping to get more volume at this level!
Basic Technicals! All you need is a chart!
probability of the trade is about 50%, with the risk reward being over 1:3
GOOD OPPORTUNITY!
I do not care about the fundamentals. I just know, that facing a good level is a great opportunity for people to cover their longs and take profit.
So, unless we see an instant breakout, and the price stops at the level, people will start covering parts of their positions, and the big buyer will stop being so aggressive, hoping to get more volume at this level!
Basic Technicals! All you need is a chart!
probability of the trade is about 50%, with the risk reward being over 1:3
GOOD OPPORTUNITY!
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