VETUSDT - Another potential to reverse short-term
Hi, iJustCoiners!
While we experiencing downward pressure at the higher TFs, we still may profit from LONGS.
And another potential for a LONG trade is here.
We have our momentum, but unfortunately LSMA and RSI looks ugly.
They need to have some time to go above level 20/30 at these short-term TFs to give a chance for the price action to go up.
If they do so, we may expect a move up to: 0.84XX, 0.91XX, 0.10XX levels.
While we experiencing downward pressure at the higher TFs, we still may profit from LONGS.
And another potential for a LONG trade is here.
We have our momentum, but unfortunately LSMA and RSI looks ugly.
They need to have some time to go above level 20/30 at these short-term TFs to give a chance for the price action to go up.
If they do so, we may expect a move up to: 0.84XX, 0.91XX, 0.10XX levels.
Comment:
Comment:
Upward pressure has failed. We have to wait another chance
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The reason why we do not have any significant move up is the BLUE LSMA at 12H and 1D. But they are slowly crawling up above level 20.
We still have a chance to wick down, because these LSMA on 12H and 1D are so low.
If price action do so, we may see a SPRING in this accumulation. I see a possibility for the price action to wick down to 0.065XXX level.
However we got some upward pressure races finally:
We got 2H vs 4H and 3H vs 6H.
Let's watch where these races may lead us.