bought 2 lots traders back 14.5 15 CNO
61.8% fib retrace has worked more often than not
mid point of dominant candle as well
expecting a bounce
but in case of breaking down support
what I usually do to limit losses
14.5 buy parcel to be stopped out at 14c, half tick loss
15c buy parcel placed at 15c waiting for the eventual bounce back up to break even
then get another buy under 14c somewhere, say 13c
after this retrace, its gota bounce somewhere,
even just a small intraday bounce should help limit your loss to some extent in the case of 14.5 support breaking down
tomorrow morning will tell,
one more hold of 14.5c, it should bounce imo
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