Bought RLT @ 0.50 hoping that will hold that level but it broke below that day
Reasons of buying:
(1) Above Darvas midpoint (but the price broke down, an hour after i bought)
(2) MA20 support
(3) RSI support @ 43 (must not break below 0.49)
Strategy will sell if broke below 0.49. Why? Predicting the price will broke the resistance level if it broke below that price and 1 TP will be the top of Darvas box
Ok here's the update of my trade 😁
I've sold everything at 0.54 at the eod since this was my original plan 👌
why I sold everything? there is a sentence that boss Kidlat said on one of his video, the thought is something like this "Iisa lang trabaho nung resistance, yun ay magresist lang", so if it breaks above the 0.54 and stays above it.. I'll try to find a good entry to buy back but as long as the price keeps bouncing on that value, I'll keep my tp on that level 😅
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