That's not just a support zone. Healthy accumulation transformed it into a launch pad. Or maybe a trampoline. Either way it looks ready to fly.
Kommentar:
aaaand.... blast off!!
Trade geschlossen: Stop wurde erreicht:
catastrophic failure immediately after lift-off.
longed just above platform with stop kissing underside of launch pad. i rarely play so close to the target like that, especially when trading the full range of a support zone (as opposed to a quick scalp move where stops are super tight).
but it's not over yet. support is still holding and if volume remains interesting or gets exciting AND things look clear up to that $2.24 resistance area, then i will look for another entry point near the top, or just above, the launch pad...
longed just above platform with stop kissing underside of launch pad. i rarely play so close to the target like that, especially when trading the full range of a support zone (as opposed to a quick scalp move where stops are super tight).
but it's not over yet. support is still holding and if volume remains interesting or gets exciting AND things look clear up to that $2.24 resistance area, then i will look for another entry point near the top, or just above, the launch pad...
