As you see price is testing the lows with a very low volume that means its a purge. Now I like to see this weekend for long position. On Monday selling orders are going to absorb and then I go for long position on Tuesday or Wednesday once my setup is complete.
Stay tunned, I will update you the position.
Stay tunned, I will update you the position.
Trade active
Here is the detailed true picture why I would love to go long. After very Long time price is at previous accumulation phase area. Here I like to see the reaction (which mean real accumulation in lower timeframe like 15m, 5m).
Note
Accumulation phase on 1 hour timeframe, wait for test the market (which means remaining selling interest). Once all the selling orders are absorb at this level, I will jump on 5m timeframe for long position.Stay tuned (:
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Disclaimer
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.