Panjang
TOMOUSDT Major Trend Reversal Set-up

I expect the price action to be in early phase of the Major Trend Reversal.
Price has corrected or gave bear trend in a tight channel and not price is ranging.
As you can see that the low of the price is respected well. The Double Bottom formation is Higher Low Formation which is a good hint for a early reverasl.
When the price flips the red zone as the support then I will be confirmed that the reversal has started. Taking any trades before flipping the Red Zone would be a scalp for me not Swing Trade.
Plan you trade wisely.
Price has corrected or gave bear trend in a tight channel and not price is ranging.
As you can see that the low of the price is respected well. The Double Bottom formation is Higher Low Formation which is a good hint for a early reverasl.
When the price flips the red zone as the support then I will be confirmed that the reversal has started. Taking any trades before flipping the Red Zone would be a scalp for me not Swing Trade.
Plan you trade wisely.
Nota
Price broke above the Red Zone. It has compledted the Pullback and Showed good bull bars at the break out point. Possible levels of Resistance are marked in the Chart.
It is the first level of resistance
Measured move up from Recent Legs, 50% retracement is a major Resistance and previous swing Lower High.
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Penerbitan berkaitan
Penafian
Maklumat dan penerbitan adalah tidak dimaksudkan untuk menjadi, dan tidak membentuk, nasihat untuk kewangan, pelaburan, perdagangan dan jenis-jenis lain atau cadangan yang dibekalkan atau disahkan oleh TradingView. Baca dengan lebih lanjut di Terma Penggunaan.