Holding long position for now.
Reasons:
- Pair broke out of Diamond Bottom formation
- BB widening and price is traveling along upper band
- MACD: positive histograms and 2 lines in positive region
- Stoch: in overbought region, which is where I usually go long or stay in a long position (provided that both MACD and BB are showing that bullish trend is still intact and there's no nearby resistance)
My only concern is that PSAR is getting too near to the BB centreline (MA 20) for my comfort. Resistance below my entry point (1.292 - red dotted line) is a little worrying, but I'm guessing that if price were to pause, it will likely pause around where I had placed my entry.
Will see how it goes. I'm still of the view that a correction at this point is timely.
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