Update on my Serum trade
Sold at $3.42:
Why:
Price rejected at important level on 4 consecutive days.
MFI showing bearish divergence.
Re-entering:
1. If price retraces to 2.50 -2.60 range ( 0.5 - 0.618 Fib) OR
2. On a pull-back if price brakes through resistance level
3. If price goes below stop loss, buying back if it goes to support area.
Note: Not investment or financial advice.
Why:
Price rejected at important level on 4 consecutive days.
MFI showing bearish divergence.
Re-entering:
1. If price retraces to 2.50 -2.60 range ( 0.5 - 0.618 Fib) OR
2. On a pull-back if price brakes through resistance level
3. If price goes below stop loss, buying back if it goes to support area.
Note: Not investment or financial advice.
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