Tools used:
Far out of Bollinger bands , expecting heavy retracement back to possibly 0.5. Guppy trend shows that this would not be a good buy right now. But could that be a factor that should be ignored if this was an accumulation phase?
Scaling in orders from 0.001249 makes the most sense, perhaps higher, as the top wicks on the past three daily candles doesn't show confidence in a continuing trend. Possible FOMO stop limit order at 0.001750s if the bull flag confirms.
Momentum looks great on the daily but is bearish or indecisive on lower time frames.
- Bollinger bands
- CM Super Guppy
- Chande Momentum
Far out of Bollinger bands , expecting heavy retracement back to possibly 0.5. Guppy trend shows that this would not be a good buy right now. But could that be a factor that should be ignored if this was an accumulation phase?
Scaling in orders from 0.001249 makes the most sense, perhaps higher, as the top wicks on the past three daily candles doesn't show confidence in a continuing trend. Possible FOMO stop limit order at 0.001750s if the bull flag confirms.
Momentum looks great on the daily but is bearish or indecisive on lower time frames.
