Having a look on the daily timeframe we can see that we got a couple of small red candlesticks with long wicks. This is indicating that the trend is about to change (bullish). Remember that the bigger the timeframe you analyze the more significant it is.
When looking at the 4 hourly timeframe we can see that we got a big red candlestick followed by a couple of small ones. This is indicating that the sellers are losing momentum and that the price is soon ready to rise in value.
The latest 4 hourly candlestick we got is a green indesicive one. This is also a sign that the price is ready to shoot up.
Another comfirmation is that we are bouncing up and away from a key support sone as of writing.
Lets pump it!
When looking at the 4 hourly timeframe we can see that we got a big red candlestick followed by a couple of small ones. This is indicating that the sellers are losing momentum and that the price is soon ready to rise in value.
The latest 4 hourly candlestick we got is a green indesicive one. This is also a sign that the price is ready to shoot up.
Another comfirmation is that we are bouncing up and away from a key support sone as of writing.
Lets pump it!
Comment:
I am also sitting in a 10x long position looking to make about 40% profits
Comment:
Price broke the micro support and is now looking to get into the macro support and I am looking for a new entry
Comment:
Since the price moved under a key support zone I am now in a short position