So Yesterday i posted a long and short idea. But those are out of the window now. CWARUSDT exceeded my target and is showing strength.
At the moment we are consolidating in a small range below resistance (considered bullish) We rejected from the 4h Order block and Global Value area low, also closed below the VAL. This VAL is a KEY level for me, see a reclaim, then we can expect mayor upside. If we see a reclaim of the VAL then my next target would be 0,92 cents. But this all depends on what BTC and CWAR:BTC does. Possible scenarios would be to backtest the top of the channel, golden pocket fib and Daily level as confluence for a bounce up. But if we see a weak reaction from the level and acceptance back into the old channel, then i am looking to take it down to the channel low and keep going in a range. Opened to both ideas. I took a long from yesterdays idea and took most of my profits out. Also a thing to keep in mind is that these kind of pumps are not healthy for an asset. As we do not build up a lot of support on the way up. I rather have an asset move up slowly than pumping it like crazy. That gives me data, levels to trade from. But thats my personal opinion.