I have no idea if the price will get back to these ranges, but if were looking for a conservative (low risk) re-entry during what seems to be a bullish time for crypto in general. I would _consider_ taking a long position from within, or below the red zone.
Note
Note to self: 1.98 would be a riskier re-entry, based on the upper knot.Note
Look how the price came back down to fill the imbalance. only for 3 bars. then the next 3 bars sit right on top of that price imbalance top zone. one final dip, then the price exploded.Note
Price currently testing 1.96 blue trend lines for price imblance
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The information and publications are not meant to be, and do not constitute, financial, investment, trading, or other types of advice or recommendations supplied or endorsed by TradingView. Read more in the Terms of Use.