There's some more chances for bulls?Red or Purple?
The situation is more complex than I think it will be!
Price is again inside of the previous wedge but also not too much broke the upper wedge line yet . It is only like fake breakout from the first time!
If price going deeper and broke the previous low than I will start to believe Mr. Xi rally was only a stop grabber from the wedge and a downside movement in one more stop grabber will come at 6000-6500 area!
But until previous low holds the price I am bullish and from the trade aspect, my next stops will be under previous low but targets will be the same than before what results with same money management a smaller position size in next trade(usually optimal money management for me is 1,5% -max 3%)
Have a good trade!!!!
Price is again inside of the previous wedge but also not too much broke the upper wedge line yet . It is only like fake breakout from the first time!
If price going deeper and broke the previous low than I will start to believe Mr. Xi rally was only a stop grabber from the wedge and a downside movement in one more stop grabber will come at 6000-6500 area!
But until previous low holds the price I am bullish and from the trade aspect, my next stops will be under previous low but targets will be the same than before what results with same money management a smaller position size in next trade(usually optimal money management for me is 1,5% -max 3%)
Have a good trade!!!!
Let's maximize our probability the rest is only question of risk management!
DISCLAIMER
Taking a risk on the markets based on this idea is only and only your decision. You profit is your success and you are only responsible for your potential loss.
DISCLAIMER
Taking a risk on the markets based on this idea is only and only your decision. You profit is your success and you are only responsible for your potential loss.