Current Market Context: While there’s a noticeable increase in buyer activity, the price is in a determined downtrend. This suggests a potential accumulation phase where buyers are preparing to counteract the decline.
Key Observations:
Buyer Strength: Increased buying activity is evident, but sellers currently dominate the price action.
Blue Box Zone: This area represents a potential demand zone or strong support where buyers may decisively step in to reverse the downtrend.
Trading Plan:
Bullish Entry: Wait for the price to dip into the blue box zone. Look for confirmation of reversal signals, such as bullish engulfing candles, pin bars, or a higher low formation on smaller timeframes.
Targets: Initial target: Retest of nearby resistance levels. Extended target: Move to higher structural levels as momentum builds. Invalidation: If the price closes strongly below the blue box, the setup may be invalidated.
Additional Notes: Volume Divergence: Track volume during the decline; increasing volume at the blue box could confirm buyer dominance. Stop Loss Placement: Set stops just below the blue box to minimize risk. This setup requires patience and precise execution.
I keep my charts clean and simple because I believe clarity leads to better decisions.
My approach is built on years of experience and a solid track record. I don’t claim to know it all, but I’m confident in my ability to spot high-probability setups.
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Informasi dan publikasi tidak dimaksudkan untuk menjadi, dan bukan merupakan saran keuangan, investasi, perdagangan, atau rekomendasi lainnya yang diberikan atau didukung oleh TradingView. Baca selengkapnya di Persyaratan Penggunaan.