ONT is one of my favorite cryptos to trade. It has a great mix of range, volatility, liquidity.
This coin has been on a tear. Played this on the 1.00 break a couple weeks ago. After this run to 1.60 we have a nice orderly pullback on this.
Rules of Pullback Trading:
Orderly Pullback. NO crash candles
Volume lower on the pullback then the prior push higher.
Multiple levels of convergence/support to hold up a play
Confirmation Candle.
WE are starting to see a few of these here. We have some price support developing all long with moving average pullbacks. If we get a confirmation candle around this zone Ill be looking to take a swing in this.
This coin has been on a tear. Played this on the 1.00 break a couple weeks ago. After this run to 1.60 we have a nice orderly pullback on this.
Rules of Pullback Trading:
Orderly Pullback. NO crash candles
Volume lower on the pullback then the prior push higher.
Multiple levels of convergence/support to hold up a play
Confirmation Candle.
WE are starting to see a few of these here. We have some price support developing all long with moving average pullbacks. If we get a confirmation candle around this zone Ill be looking to take a swing in this.