I'm waiting for multiple weekly candle closes above both the 100 EMA and the 100 LSMA . If price ends up below both of these moving averages I will start a dollar cost average strategy. This will kick in once price is back above the 100 LSMA , filling my position entirely upon breach of the 100 EMA .
Oversold conditions on the RSI could trigger an additional buy signal, but it this very circumstantial. I will take a position size of 1/5th if things look good in this scenario.
Oversold conditions on the RSI could trigger an additional buy signal, but it this very circumstantial. I will take a position size of 1/5th if things look good in this scenario.