Chart presents a support-based setup following a recent flag breakout.
Current price action indicates an attempt to retest breakout levels, creating a potential bounce opportunity.
The price is trading near a confluence zone, adding strength to the support levels.
Key Points:
Flag Breakout Retest: After a flag breakout, the price is currently retesting breakout levels, suggesting a potential continuation of the bullish trend.
Confluence Zone: The current price is near a confluence zone, strengthening the support levels and increasing the likelihood of a bounce.
Volume Analysis: While current volume is low, anticipate a rise in volume as the price bounces back, providing confirmation of renewed market interest.
Trade Idea:
Consider a long position with a bounce confirmation from the support levels, ensuring volume supports the move.
Implement risk management strategies to protect against potential downside risks.
Regularly monitor the price action for further confirmation and adjust the trade as needed.
Current price action indicates an attempt to retest breakout levels, creating a potential bounce opportunity.
The price is trading near a confluence zone, adding strength to the support levels.
Key Points:
Flag Breakout Retest: After a flag breakout, the price is currently retesting breakout levels, suggesting a potential continuation of the bullish trend.
Confluence Zone: The current price is near a confluence zone, strengthening the support levels and increasing the likelihood of a bounce.
Volume Analysis: While current volume is low, anticipate a rise in volume as the price bounces back, providing confirmation of renewed market interest.
Trade Idea:
Consider a long position with a bounce confirmation from the support levels, ensuring volume supports the move.
Implement risk management strategies to protect against potential downside risks.
Regularly monitor the price action for further confirmation and adjust the trade as needed.
노트
what a move, expecting more from here
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A simple trader, distancing from the fake crowd. Simplifying complexity, I prioritize genuine insights over trends.
Telegram- telegram.me/marketiik
A simple trader, distancing from the fake crowd. Simplifying complexity, I prioritize genuine insights over trends.
면책사항
해당 정보와 게시물은 금융, 투자, 트레이딩 또는 기타 유형의 조언이나 권장 사항으로 간주되지 않으며, 트레이딩뷰에서 제공하거나 보증하는 것이 아닙니다. 자세한 내용은 이용 약관을 참조하세요.
Join our community in telegram for real time updates --- telegram.me/marketiik
Telegram- telegram.me/marketiik
A simple trader, distancing from the fake crowd. Simplifying complexity, I prioritize genuine insights over trends.
Telegram- telegram.me/marketiik
A simple trader, distancing from the fake crowd. Simplifying complexity, I prioritize genuine insights over trends.
면책사항
해당 정보와 게시물은 금융, 투자, 트레이딩 또는 기타 유형의 조언이나 권장 사항으로 간주되지 않으며, 트레이딩뷰에서 제공하거나 보증하는 것이 아닙니다. 자세한 내용은 이용 약관을 참조하세요.