This 5 months old crypto is currently entering its heavy supply zone!
I would wait for the price to drop down to 2.7238 and confirm the reversal to enter LONG.
Entering now would also be fine since the downtrend was not aggressive, increasing the likelihood of price respecting the zone. If we can confirm the reversal earlier, we might enter then instead of waiting for an additional drop.
But for now, because we do not know where the price will reverse, we will wait to see if price is pulled further back.
I would wait for the price to drop down to 2.7238 and confirm the reversal to enter LONG.
Entering now would also be fine since the downtrend was not aggressive, increasing the likelihood of price respecting the zone. If we can confirm the reversal earlier, we might enter then instead of waiting for an additional drop.
But for now, because we do not know where the price will reverse, we will wait to see if price is pulled further back.
God bless you :)
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.
God bless you :)
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.