$HON
#HON From a layout perspective, the key is not to chase a higher price, but to wait for a pullback.
Don’t let the one-hour chart dictate your midline position.
If, when price returns to around 229.005/220.64, it can still hold and take support, then consider entering in batches.
For short-term trades, it currently looks like support/resistance is on both sides at 237.37 and 220.64.
If it can’t go up, don’t chase; if it doesn’t break down, then look for opportunities.
Short-term positions focus only on execution, not fantasies.
If there’s profit, remember to lock it in; if you’re wrong, cut it and leave.