Hello friends, I was unfortunately blocked yesterday =D so after some exasperation I am sharing this today.
A trend line that traces the price's growth so far has its own strength and importance. It is currently around the 28400+ level.
However, there is another way of looking at the matter. The parallel band that stretches around the 27400 level is also quite important. If the price fails to meet expectations for a pullback and instead continues a downtrend, this band could serve as a potential retest spot. This could mean that the price could try to test this level before possibly attempting another downward move.
so be careful with a Long position and a rather drastic reversal can occur.
A possible change in the scenario can take place at any time. so be careful with your money and always own TA.
I am currently following MFI and it still looks like a possible entry into the position, PS I recommend from long-term experience for traders with small capital to trade at max 4 leverage anyway
A trend line that traces the price's growth so far has its own strength and importance. It is currently around the 28400+ level.
However, there is another way of looking at the matter. The parallel band that stretches around the 27400 level is also quite important. If the price fails to meet expectations for a pullback and instead continues a downtrend, this band could serve as a potential retest spot. This could mean that the price could try to test this level before possibly attempting another downward move.
so be careful with a Long position and a rather drastic reversal can occur.
A possible change in the scenario can take place at any time. so be careful with your money and always own TA.
I am currently following MFI and it still looks like a possible entry into the position, PS I recommend from long-term experience for traders with small capital to trade at max 4 leverage anyway
Trade closed: target reached:
first target done 50%