LRC - risky trade because aren't they all right now!
LRC - risky trade because aren't they all right now! I'm hoping this trendline confirms and then we are looking at a similar push to local resistance as many charts have right now.
I like LRC as it came down fast therefore didn't have a chance to build strong support at higher levels. Regardless, I am again taking conservative targets until the market shows signs of turning around.
If any upcoming candles show green we will be looking at a bullish hidden divergence, and for the most part I am looking at stronger buy volume than sell volume.
Entry - between now and the next horizontal at around 1615 if the diagonal doesn't confirm.
SL - below horizontal at 1595
TP1 - 1760
TP2 - 1835
I like LRC as it came down fast therefore didn't have a chance to build strong support at higher levels. Regardless, I am again taking conservative targets until the market shows signs of turning around.
If any upcoming candles show green we will be looking at a bullish hidden divergence, and for the most part I am looking at stronger buy volume than sell volume.
Entry - between now and the next horizontal at around 1615 if the diagonal doesn't confirm.
SL - below horizontal at 1595
TP1 - 1760
TP2 - 1835
Come say hi @elisa_crypto on twitter!
Clause de non-responsabilité
Les informations et les publications ne sont pas destinées à être, et ne constituent pas, des conseils ou des recommandations en matière de finance, d'investissement, de trading ou d'autres types de conseils fournis ou approuvés par TradingView. Pour en savoir plus, consultez les Conditions d'utilisation.
Come say hi @elisa_crypto on twitter!
Clause de non-responsabilité
Les informations et les publications ne sont pas destinées à être, et ne constituent pas, des conseils ou des recommandations en matière de finance, d'investissement, de trading ou d'autres types de conseils fournis ou approuvés par TradingView. Pour en savoir plus, consultez les Conditions d'utilisation.