Avalanche Bullish Momentum Reversal

Holding weekly support. Support also holding at bottom of channel. Signs showing bullish reversal imminent. Place initial stop, be prepared for retest. If there is a retest, scale in and wait for momentum. Move stop to break even. Profit targets 1, 2, 3.

تعليق:

Good divergence showing on the RSI. Reversal seems imminent.

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Taking a little longer to play out but the increase in volume over the last couple of days is telling me when this one breaks out it is going to break out fast and hard!