$ALPINE , chart 1H.
Yesterday, I wrote about three targets, drew an optimistic movement scenario, and showed that I expect a retest (confirmation).
A retest (confirmation) is a check of demand at a low price,
and a favorable entry point.
Right now, I see the perfect place to buy with a short STOP:
- If the price holds on the local trend — there is a high probability of growth to $1.416 (+83%).
- If the price breaks the local support — there is a high probability of falling to $0.662 (–11%).
In general, trading is always a risk.
But there is adequate risk, and there is foolish risk.
So, right now — it's an adequate risk!
Guys, I don't give signals and I don't manage your risks. This is just a sequence of my thoughts that I started writing down yesterday.
Take care of your STOP and trades on your own.
Wishing everyone profit!
Chart: 1H.
