LTTS Trying to break 2022 resistance.
Stock is hovering around the resistance from few days.
Wicks are becoming large. Both sides move is possible.
Volumes should support for the price to reach ATH. With volumes stock can go 5700 5800 5995 (ATH).
It may be a trap. Price is moving more points both directions. if we keep the SL very near there is a chance it hits. Risk Reward is not favorable if we keep long SL.
No need to take trade. Learn how the price is moving. Apply it in future.
Stock is hovering around the resistance from few days.
Wicks are becoming large. Both sides move is possible.
Volumes should support for the price to reach ATH. With volumes stock can go 5700 5800 5995 (ATH).
It may be a trap. Price is moving more points both directions. if we keep the SL very near there is a chance it hits. Risk Reward is not favorable if we keep long SL.
No need to take trade. Learn how the price is moving. Apply it in future.
Comment:
Looks like it is a trap. Sometimes it is good to watch and learn rather than taking all the trades that we see.