Waves Had a run of about 75% to the upside yesterday to $7.27
This morning it dumped down to $6.10
Currently we are seeing a bounce off this area which is a daily support.
If you aren't already in a trade, it might not be the best place to enter a long, but if you are already in the trade, it could be a reason for you to stay long.
One of the reasons I entered a long at $6.22 because of what I saw on a TPO chart and footprint chart.
I talk about likely reversal areas and where I am taking profits.
Open interest is currently increasing, which is another reason to hold a long if you are already in the trade
Not Financial advice. DYOR. Papertrade before using real money.
Safe trading guys!
Shawn
This morning it dumped down to $6.10
Currently we are seeing a bounce off this area which is a daily support.
If you aren't already in a trade, it might not be the best place to enter a long, but if you are already in the trade, it could be a reason for you to stay long.
One of the reasons I entered a long at $6.22 because of what I saw on a TPO chart and footprint chart.
I talk about likely reversal areas and where I am taking profits.
Open interest is currently increasing, which is another reason to hold a long if you are already in the trade
Not Financial advice. DYOR. Papertrade before using real money.
Safe trading guys!
Shawn
