On today's decline, the stop was knocked out in the NOT trade. At the moment the price reached +11.4%, but this time the asset did not go against the falling market.
Total - in the spot deal dated June 25, a noticeable stop of -14.19% was received. The support pool did not work itself out. The decision not to open other transactions on the assets of interest in the current market was correct.
As we wrote, the stop is larger than usual, but in the end we expect to take a serious movement from the asset, which, when entered again, will compensate for the possible loss.
The price still holds the volume level of $0.01192 and remains above the downward trend since June 2.
The structure on the chart is not broken by this decline, so let’s try to re-enter from the oversold zone with a pending order. If the price does not reach it and there are obvious reversal signals, we will move the entry point.
We set the entry point with a pending order at the volume level of $0.01077. Above psychological $0.01000. If a trade is opened from this level, we will place a stop behind the global upward trend since the end of May (indicated by a dotted line).
