Entry 0.210, SL 0.194, TP 0.255 (this is a punt)
The selling volume on the 1h timeframe is decreasing with a possible flush @ the bottom with encouraging volume.
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| ISDN 1H 16 Jan 2017 |
Prices have retreated from a high of 0.275 from the day it got listed in HKEK 3 days ago to 0.205/0.21 region. This is a previous accumulation area before the run up. Coincidentally, this is where the 100/200ema is currently hovering @ the moment.
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| ISDN Daily 16 Jan 17 @ 10am |
Stop loss are in place. May the odds be ever in our favor once again
Update
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| ISDN Daily 16 Jan 17_EOD |
We could see more downside on this if the prices go below the green region. Once again, being impatient is a killer. The correct approach should be to wait for a signal of either selling is reducing or a BUE close above 100ema on this instance for bullish momentum to kick in.
The ability to wait for a signal will decide if the trade taken is a winning or losing one.
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