Hi Folks,
Zilliqa has made a nice little rally last days.. But what we see on the 4 hour chart price is hitting resistance and got rejected again.
This has been the 3rd time in the last 5 days.
We see momentum in a rising trend channel.. We still make higher highs and lows in the momentum so the trend can be seen as bullish..
Except we need to be cautious now because of resistance line that got rejected.
Chance is to fall back at 1st or maybe 2nd support line and try to gain momentum again and try to go to war to breakout at resistance line.
Where I put my flag on the momentum oscillator is the signal to sell if you have a position in Zilliqa..
Most people want to know when to get in a trade, when is the right time to buy, they ask a lot.
Less important point in trading you'll see is the moment of stepping in. Ask yourself when do I need to get out?
Where is my stop loss or when I am wright where do I take profits?
My philosophy in trading = I see trading as going to a party. I arrive fashionably late and I leave before the cops come.
So in context with trading... I don't need to find the bottom In a trade.. no I buy high and sell even higher (before decline in price)
Zilliqa has made a nice little rally last days.. But what we see on the 4 hour chart price is hitting resistance and got rejected again.
This has been the 3rd time in the last 5 days.
We see momentum in a rising trend channel.. We still make higher highs and lows in the momentum so the trend can be seen as bullish..
Except we need to be cautious now because of resistance line that got rejected.
Chance is to fall back at 1st or maybe 2nd support line and try to gain momentum again and try to go to war to breakout at resistance line.
Where I put my flag on the momentum oscillator is the signal to sell if you have a position in Zilliqa..
Most people want to know when to get in a trade, when is the right time to buy, they ask a lot.
Less important point in trading you'll see is the moment of stepping in. Ask yourself when do I need to get out?
Where is my stop loss or when I am wright where do I take profits?
My philosophy in trading = I see trading as going to a party. I arrive fashionably late and I leave before the cops come.
So in context with trading... I don't need to find the bottom In a trade.. no I buy high and sell even higher (before decline in price)