Break and retest.
What to look for:
1. Price rejection signals ( wicks, reversal candles, whatever lagging indicator you use)
2. Bullish volume/Reversal candles (bullish engulfing, pinbar etc.)
3. Possible fundamental factors that could affect price. i.e BTC bounce, AXS project news.
Reaons not to enter yet:
1. Bearish volume
2. No sign of reversal..yet
3. Short term downtrend on lower TF.
Thanks for reading, hope this helps someone. Let me know your thoughts.
What to look for:
1. Price rejection signals ( wicks, reversal candles, whatever lagging indicator you use)
2. Bullish volume/Reversal candles (bullish engulfing, pinbar etc.)
3. Possible fundamental factors that could affect price. i.e BTC bounce, AXS project news.
Reaons not to enter yet:
1. Bearish volume
2. No sign of reversal..yet
3. Short term downtrend on lower TF.
Thanks for reading, hope this helps someone. Let me know your thoughts.
Note
Worth the hold.
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.
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.