$BZ This wave followed by the brothers who jumped in got it.
The price has already reached 102.48, and the previous high at 102.50 is right in front of us. At this position, chasing longs is not very cost-effective anymore, but the overall trend is still bullish.
If you already have a long position: you can reduce part of it to lock in profit, and move the stop-loss up to just below 101.50. Then see whether it can break through 102.50 and continue aiming for 103-105.
If you haven’t entered yet: wait for a pullback to around 101.50-101.00 to stabilize before going long, or wait for a breakout above 102.50 with increased volume and then chase from the right side.
If you want to short: only do it if there’s a clear sign of stagnation/rejection (long upper wick + reduced volume); otherwise, don’t recommend going against the trend.
The price has already reached 102.48, and the previous high at 102.50 is right in front of us. At this position, chasing longs is not very cost-effective anymore, but the overall trend is still bullish.
If you already have a long position: you can reduce part of it to lock in profit, and move the stop-loss up to just below 101.50. Then see whether it can break through 102.50 and continue aiming for 103-105.
If you haven’t entered yet: wait for a pullback to around 101.50-101.00 to stabilize before going long, or wait for a breakout above 102.50 with increased volume and then chase from the right side.
If you want to short: only do it if there’s a clear sign of stagnation/rejection (long upper wick + reduced volume); otherwise, don’t recommend going against the trend.
