TRU: Stay Alert for Confirmations Before Taking Action! 🚀
💎Paradisers, #TRUUSDT is currently demonstrating a bullish market structure, characterized by two significant bullish FVG (Fair Value Gap) patterns. Presently, the price trajectory is sharply upward, prompting anticipation of an impending retracement.
💎 As #TRU approaches a minor support level, traders should exercise caution, as this level may serve as a launchpad for further bullish continuation.
💎 Should the price retreat and approach the bullish Order Block (OB) level, marked by the presence of FVG and BB (Breaker Block), traders can anticipate a potential bounce. Confirmation of this bounce would ideally come in the form of ChoCH (Change of Character) near the 50% retracement level of the Fibonacci sequence.
💎 However, in the event of a breakdown below both identified levels, it is advisable to adopt a cautious approach and refrain from immediate action. Waiting for clearer price action to materialize would offer better insights for making informed decisions.
💎 As #TRU approaches a minor support level, traders should exercise caution, as this level may serve as a launchpad for further bullish continuation.
💎 Should the price retreat and approach the bullish Order Block (OB) level, marked by the presence of FVG and BB (Breaker Block), traders can anticipate a potential bounce. Confirmation of this bounce would ideally come in the form of ChoCH (Change of Character) near the 50% retracement level of the Fibonacci sequence.
💎 However, in the event of a breakdown below both identified levels, it is advisable to adopt a cautious approach and refrain from immediate action. Waiting for clearer price action to materialize would offer better insights for making informed decisions.
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.