Remember the $FIL chart I shared earlier? It’s playing out pretty well so far.
The idea was simple. It went up a lot, hit the 1.2 area and got rejected hard. After that it couldn’t make a new high, and every bounce ended lower than the last one. That’s usually how a coin starts turning down.
Now it’s broken 1.00, a big round level where a lot of people have orders, so the move got faster once it went.
Target is still 0.7, where this whole move began. Price often goes back to where a big move started.
I’m not adding anything now. Stop is at my entry so it’s basically a free trade, and I’m just sitting and waiting. Let’s see how it goes.
Let’s see how it goes. I’ll update this post when it gets near 0.7 or if it breaks my level.😊✨
$FIL
The idea was simple. It went up a lot, hit the 1.2 area and got rejected hard. After that it couldn’t make a new high, and every bounce ended lower than the last one. That’s usually how a coin starts turning down.
Now it’s broken 1.00, a big round level where a lot of people have orders, so the move got faster once it went.
Target is still 0.7, where this whole move began. Price often goes back to where a big move started.
I’m not adding anything now. Stop is at my entry so it’s basically a free trade, and I’m just sitting and waiting. Let’s see how it goes.
Let’s see how it goes. I’ll update this post when it gets near 0.7 or if it breaks my level.😊✨
$FIL