Currently I'm holding long to reach the first sell zone as my target, I'm willing to add to my sell after that if the price pushes higher against me, and ill keep a hard stop above the red line.
however if we get a drop from any of the sell zones I cant say for sure where our targets would be for now. the target areas of sellers shown on the chart represent a situation of break below the green line.
If we break above the red line and close, I could easily say that we will break the previous high.
for my current long position I have already sold half of my position and I'm waiting to see whether we close above the current high so I can move my stop loss from break even.
If we break and close below the green line then again its easily a sell for and aiming for the green box as target.
however if we get a drop from any of the sell zones I cant say for sure where our targets would be for now. the target areas of sellers shown on the chart represent a situation of break below the green line.
If we break above the red line and close, I could easily say that we will break the previous high.
for my current long position I have already sold half of my position and I'm waiting to see whether we close above the current high so I can move my stop loss from break even.
If we break and close below the green line then again its easily a sell for and aiming for the green box as target.