Traders,

I know, I know. No one wants to hear about any long positions down here except for the hardiest amongst us. But I’ve got to post this just for these few.

A week or so ago, I warned of an H&S on the four-hour. Click here for that video.

Yesterday, we hit our first line of support or, if you were looking to enter/re-enter, your first target entry area. The second one at $4.29 is still on the table. So, DCA if you plan to get some.

Obviously, be very, very careful down here with your longs. If you found yourself panicking during this last drop, then you probably had too much at stake. Try cutting back on your investment amount by 2x or 3x. This way you can more easily remove emotion from your trade decisions.

Here is your chart: