Price just hit that tough resistance at 3,373–3,380 and started to drop—pretty much what I expected for wave (a) top. Now waiting for a wave (b) pullback. Not chasing here, just being patient.
Game plan:
Game plan:
- Waiting for price to drop into the 3,330–3,325 support zone.
- If I see a nice bounce or bullish candle in that area, I’ll look to go long.
- First target: Back to the 3,373–3,380 resistance. If price smashes through, will hold a small portion for a bigger run.
- Stop loss: Just below 3,320 or the latest swing low—keeping it tight.
- If price goes lower, next buy zone is 3,298, then 3,278. I’ll repeat the same idea.
- If price dumps below 3,262, I’m out. No interest in holding longs if support fails.
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Disclaimer
The information and publications are not meant to be, and do not constitute, financial, investment, trading, or other types of advice or recommendations supplied or endorsed by TradingView. Read more in the Terms of Use.