Break and retest.
What to look for:
1. Price rejection signals ( wicks, reversal candles, whatever lagging indicator you use)
2. Bullish volume/Reversal candles (bullish engulfing, pinbar etc.)
3. Possible fundamental factors that could affect price. i.e BTC bounce, AXS project news.
Reaons not to enter yet:
1. Bearish volume
2. No sign of reversal..yet
3. Short term downtrend on lower TF.
Thanks for reading, hope this helps someone. Let me know your thoughts.
What to look for:
1. Price rejection signals ( wicks, reversal candles, whatever lagging indicator you use)
2. Bullish volume/Reversal candles (bullish engulfing, pinbar etc.)
3. Possible fundamental factors that could affect price. i.e BTC bounce, AXS project news.
Reaons not to enter yet:
1. Bearish volume
2. No sign of reversal..yet
3. Short term downtrend on lower TF.
Thanks for reading, hope this helps someone. Let me know your thoughts.
Komen:
Worth the hold.
These analyses are my personal view on the market.
Always assume my investment risk tolerance is higher than yours
I’m here to make money, not hold your hand. Never blindly trust any analysis you see online because it fits your bias (including mine).
Always assume my investment risk tolerance is higher than yours
I’m here to make money, not hold your hand. Never blindly trust any analysis you see online because it fits your bias (including mine).
