I exited pretty much on point wit this chart. What are your thoughts on re-entry and where? Currently looking to get a small chunk of my $9.50 sells back at $7.50, more at $7.00, and the remaining at $6.50. Would love to hear your input.
sucmabolsac
⋅
@CryptoJBiV, I’m glad you found it useful.
I took out a short, and tok some profit off the table when we found some support and bounced off the 5th wave coming down.
If we retrace up near my red box, and I see signs of bearish divergence on the RSI and lower volume, I’ll start adding back into my short position slowly.
Our targets to go long are similar, I think. Laddering is key in my book. I always try to wait to enter until I see decent support / resistance. Though, I still cut myself trying to catch the falling knife sometimes.
Good luck!
MentalMango
⋅
@sucmabolsac, appreciate the quick reply friend. Good luck out there.