Fastly, Inc.Largo
FSLY Demand Zone Buy the Dip Opportunity
Actualizado
For DIP buyers Bullish on FSLY stock.
The green box is an optimal entry area to buy the dip.
Buyers already getting a head start as you can see price began to trade in green box and dip buyers saw the opp to buy at demand zone pushing price back above box- creating the wick.
Here I have 3 possible scenarios. Follow closely for whatever plays out then trade accordingly:
1) [black arrow]: Simple buy the dip opportunity. As price enters green box buy the dip with 1st target of $94 (look for divergences on smaller TFs for BTD confirmation)
2) ]blue arrow]: IF bulls fail to regain momentum and we lose green box. Patiently, wait for green box to be reclaimed then long the green box retest with the same target of $94
3) [red arrow]: IF price closes BELOW green box and bears continue to show strength. Wait for a retest of green box and IF bulls fail to get back above short at the green box targeting the lower green box at $65.
Notes to consider: All lower time frames are in oversold territory.
The green box is an optimal entry area to buy the dip.
Buyers already getting a head start as you can see price began to trade in green box and dip buyers saw the opp to buy at demand zone pushing price back above box- creating the wick.
Here I have 3 possible scenarios. Follow closely for whatever plays out then trade accordingly:
1) [black arrow]: Simple buy the dip opportunity. As price enters green box buy the dip with 1st target of $94 (look for divergences on smaller TFs for BTD confirmation)
2) ]blue arrow]: IF bulls fail to regain momentum and we lose green box. Patiently, wait for green box to be reclaimed then long the green box retest with the same target of $94
3) [red arrow]: IF price closes BELOW green box and bears continue to show strength. Wait for a retest of green box and IF bulls fail to get back above short at the green box targeting the lower green box at $65.
Notes to consider: All lower time frames are in oversold territory.
Nota
Exención de responsabilidad
La información y las publicaciones que ofrecemos, no implican ni constituyen un asesoramiento financiero, ni de inversión, trading o cualquier otro tipo de consejo o recomendación emitida o respaldada por TradingView. Puede obtener información adicional en las Condiciones de uso.