UMA update, for a long entry, wait until a strong-volume breakout of the 29 blue line.
You can set the line with an alert, and then observe the volume and confirm that it closes above the line on AT LEAST a 4hr chart (preferably higher time frame the better). If it breaks out past 7-8% above the line, you can wait for a retest of the $29 area to set your buy limits.
My stop losses during this bull cycle of past few months is around 10-13% with profit targets 30%+, often seeking 40%-100% gains and taking profits in increments.
You can also use breakouts and chart analysis to determine your best points of entry for long term holds.
You can set the line with an alert, and then observe the volume and confirm that it closes above the line on AT LEAST a 4hr chart (preferably higher time frame the better). If it breaks out past 7-8% above the line, you can wait for a retest of the $29 area to set your buy limits.
My stop losses during this bull cycle of past few months is around 10-13% with profit targets 30%+, often seeking 40%-100% gains and taking profits in increments.
You can also use breakouts and chart analysis to determine your best points of entry for long term holds.
@eddietradezz
