Everyone's waiting for a pullback on $COW but I think it's about to break out above that $0.50 resistance level.
$COW - LONG
Entry: 0.1619 – 0.19
SL: 0.10
TP1: 0.25
TP2: 0.35
TP3: 0.50
Why this setup?
* RSI on the 1H is coiled at 65
* ATR is expanding on the 4H
* My bias confidence is high due to the 15m/1H timeframe divergence
* The lunchtime lull just ended and we're seeing a breakout
Debate: Are you fading this breakout or riding it to reclaim the $0.50 magnet?
$COW
$COW - LONG
Entry: 0.1619 – 0.19
SL: 0.10
TP1: 0.25
TP2: 0.35
TP3: 0.50
Why this setup?
* RSI on the 1H is coiled at 65
* ATR is expanding on the 4H
* My bias confidence is high due to the 15m/1H timeframe divergence
* The lunchtime lull just ended and we're seeing a breakout
Debate: Are you fading this breakout or riding it to reclaim the $0.50 magnet?
$COW