That generally applies for downtrends/retraces. In my experience...

That generally applies for downtrends/retraces. In my experience (and I still get caught out from time to time...like now with BRU ) the timeframe you are looking at determines where you want to take a position. If you're holding this for a few days you might get stuck in a consolidation patch or support testing. If you're holding this for a couple of weeks you'll be absolutely fine. If you're holding this for a number of months/closer to a year you will be LAUGHING!!

But in saying all this I wouldn't take investment advice solely from a social platform, but use the research and fundamental information provided by those who have better knowledge of the sector to inform some decision making.

Imo