Hello colleagues!
💡New trading month started yesterday.
Over the past month, the price partially blocked the imbalance and updated the April low, leaving behind a support at around $26 300
Today the price has tested it during the correction of the daily wave of growth.
The weekly TF is also in a corrective movement.
At the moment, when forming a pattern, I will consider purchases with the goals of $30 100, $31 000 and $32 400!
❗️Not a financial recommendation, before entering into a particular transaction, conduct an analysis of the asset yourself.
All successful trading!
💡New trading month started yesterday.
Over the past month, the price partially blocked the imbalance and updated the April low, leaving behind a support at around $26 300
Today the price has tested it during the correction of the daily wave of growth.
The weekly TF is also in a corrective movement.
At the moment, when forming a pattern, I will consider purchases with the goals of $30 100, $31 000 and $32 400!
❗️Not a financial recommendation, before entering into a particular transaction, conduct an analysis of the asset yourself.
All successful trading!
Comment:
Despite the local decline with the daily imbalance test, I expect the formation of a setup for purchases in the marked zone, or when the minimum of last week is removed
Comment:
📊After the low update on Monday, the price rose almost completely blocking the fall.
✔️On the hourly TF, the structure was broken to an ascending one with the formation of imbalances from below.
✔️The chart shows zones where the price can continue its upward movement.
✔️From the hourly impulse, the price has already corrected into the DM zone, while blocking one of imb 4h and part of imb 1h
✔️After updating the local liquidity from below ($26 125 mark), I expect growth with the first target of $27 455
✔️On the hourly TF, the structure was broken to an ascending one with the formation of imbalances from below.
✔️The chart shows zones where the price can continue its upward movement.
✔️From the hourly impulse, the price has already corrected into the DM zone, while blocking one of imb 4h and part of imb 1h
✔️After updating the local liquidity from below ($26 125 mark), I expect growth with the first target of $27 455