Looks like LSPD (lightspeed) is showing some signs of reversal. I was quite bearish since september 2021(you can check my previous ideas) but I am confident that this could be a good entry to LSPD to long. Will update targets later.
ปิดการเทรด ด้วยตนเอง
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Although we are on support, there seems to be a lot of selling pressure. I do see the trend changing on larger time frames so I manually closed the trade. It seems like there will be more wait time before we see a trend reversal on larger time frames.
ปิดการเทรด ด้วยตนเอง
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There are better risk/reward opportunities so not trading this as of now
Its getting close to support again. I’m hoping it will creah it before to bounce back up (I have a short position on it so of course I hope it goes down some more lol)
AmandeepSingh2020
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@Madcaptains, haha nice work. I am thinking more downside is to come as well. Eventually it could be a good entry once the trend will reverse but today is not that day
Madcaptains
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This is clearly our best rally since the current downtrend started. I’m also keeping an eye on it. IMO, we’ll go into a trading range for some time before we see an upthrend. It will be nice riding the next rally for sure.
AmandeepSingh2020
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@Madcaptains, I think so yes. Having said that overall conditions might impact this rally as we are seeing it so far. If the trend suggests a reversal to downwards, I will change my mind and get out of it.