Bottom In? Low Volume Higher Low Looks Like Accumulation

1 de mar. de 2020

I have a bullish short term bias on this, this is a good RRR zone because it's looking like 8550 or so could be an accumulation zone.

The low volume it printed on that test of lower prices suggests smart money is accumulating there with limit orders. I'm not staying up all night to trade this but I have my eye on the green support line for a low risk entry.

1 de mar. de 2020

Nota

The small position I put on last night hasn't had its stop hit so I guess it's looking like this could be accumulation

1 de mar. de 2020

Nota

The upward wick could be interpreted as rejection or a show of strength, I do like the look of the marching dojis upward so I will be looking to add a small amount there.

1 de mar. de 2020

Nota

I had a scale in limit order on binance futures for 8550 and a 15 minute candle formed with that as the exact low and a long rejection wick. I did not get filled on the order so to me this is looking more like accumulation.

1 de mar. de 2020

Trade fechado: stop atingido

The tight stop I had was reached so this isn't yet ready for prime time. This was a crypto dust trade to test the waters and the support wasn't where I expected it so will check on it again later to see how things have developed.

2 de mar. de 2020

Nota

Looking like trade idea might have been right for the most part but risk was too tight since it's heading up for the time being.