System has finally updated its position.
Has officially flipped long.
Entered with a market buy for 50% of desired position. (will update with adds or stop loss)
TPs marked (red)
Stop Marked (blue)
Waiting on the 6hr to show a long call for confirmation, Then watching for continued confirmations. Will close out if I see strong rejections developing or bearish divergence at a resistance.
Will update this thread as position develops.
There are plenty of reasons to expect a local bottom and bounce here. But I am in no way saying this is THE bottom. It could be sure. I still have spot orders lower as posted in Discord. This leveraged position covers any missed buys and then some. This is a mechanical system I tinkered with for some time. It is a simple system and it works, though does make losing calls during times of consolidation. And can make early entry calls on the daily.
A spike down to my original low idea of 2840-2900 is still possible and would stop me out of this leveraged position. I am following my own Risk system and I highly recommend you develop one for yourself before ever attempting to trade, and if you do not have a risk system trading with leverage is gambling with the odds against you.