I decided to add to my core position at this level.
Why? because it is the last level of support before a larger trend change, and I personally think this is worth the risk.
There are plenty of levels above with orders stacked against them, all the way back to ATHs, so in terms of RRR I like the odds.
Otherwise, my next purchase will dramatically reduce my cost average. Which again is not such a bad thing in the long run, should it come to that.
Why? because it is the last level of support before a larger trend change, and I personally think this is worth the risk.
There are plenty of levels above with orders stacked against them, all the way back to ATHs, so in terms of RRR I like the odds.
Otherwise, my next purchase will dramatically reduce my cost average. Which again is not such a bad thing in the long run, should it come to that.
