Our system triggered a buy call for Sunvic today. Has broken above the resistance at 0.500, was consolidating below this level for about 3 weeks. Currently in top 5 Volume.
As long as 0.500 remains as the support level, more upside possible to test 0.54 to 0.56 level. 0.500 is also a psychological level that has cleared out. 0.51 going fast as I am typing.
Put a stop at 0.485.
Hi,
ReplyDeleteGreat call! Usually each call valid for how long?
If hit cutloss, do you advise to reenter again?
Tks & fruitful trades
Hi There, Thanks for your message.
ReplyDeleteFor a trader you have to be very discipline. Once your cut loss level is set, you have to follow it strictly. We would advise to stick to the plan as the market can change anytime but the plans remains the same. We would cut our losses, reaccess then decide if we want to enter again. It would be quite dangerous if you were to average down any buy more of it dips and your losses might magnify further if it falls more.
Short term calls can last for within a day to less than 2 weeks, it really depends.