StochRSI on 4h and 1h indicating a good entry for both a scalp and hold long. We're dipping into lower boll band on the 4h. Last time that happened way a day before last pump. Will wait for a fill when 12h ema is tested. Will probably hold this one for a couple days. First target higher starc bands. Will gauge momentum of the rebound (if there is one) to decide whether I want to scale out until higher boll band.
You know I realize that I posted this idea before I entered the trade (still haven't) so people could read before it happens and give feedback. Perhaps I should post just before being sure I'll enter? Just after I enter the trade? Wouldn't want to be just giving off noise every time I spot a good trade from a distance and have people with same idea using this as sentiment confirmation.
j1O9SB
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Notice how I kept the order at 277.6? That's for when it climbs back above those emas. Good call on waiting because that's what I ended up myself. I'm still waiting for the fill at that price.
JeroenHouttuin
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That low RSI is something I wouldn't rely on in those timeframes, as trends are down in those. On the daily chart it looks better. Low RSI as well, and the 20MA and 20MA are both rising. I think I'll wait for the stochRSI to turn upwards on the daily chart.
JeroenHouttuin
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20MA and 50MA I meant
j1O9SB
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Note: waiting for 0 1h rsi for entry
Momentum will drive fomorons to touch lower boll band on the 1h too.