I personally opened my LONG position at the lowest yellow line once market inverted yesterday.
Nice Trading to all guys!
If I've got the probability correct that greater is for the north, then I stand to gain far more than my small stop-loss.
Support zones can be extremely strong. In one of my posts a couple years ago I showed how CADNOK had held out >9 times at a support level. See I know some people who go by some 'rule of thumb' which says three times unlucky. The markets know no rules.
Thanks for sharing your idea.
I use trend lines a whole lot. It's only in the last year I came to appreciate how powerful they are. I mean I saw other people showing trend line power, but I didn't really believe it until Bitcoin. The two charts below show the same sort of early trend line. It's easy to spot trend lines after they are fully formed. The challenge is to spot them early on and believe they are there. In general by about half way through, when I see them I go with them.
I'm getting more into video posts as they're easier for me and show a lot more.