Bulls are attempting absorb the supply evidence by the higher lows present. The theme remains that demand exceeds supply.
Given that prices closed on support I believe a LONG entry is reasonable with a "tight stop" as shorts are buying into resistance.
I believe we are seeing strong hands maintain their positions while new entries respect that they are chasing while a few shorts sneak in.
I still don't feel rushed to enter carelessly into the "widow maker."
My re-entries are noted below.
Good Luck!
Given that prices closed on support I believe a LONG entry is reasonable with a "tight stop" as shorts are buying into resistance.
I believe we are seeing strong hands maintain their positions while new entries respect that they are chasing while a few shorts sneak in.
I still don't feel rushed to enter carelessly into the "widow maker."
My re-entries are noted below.
Good Luck!
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.
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.