Trade wisely and manage your risk! 🚀 It looks like you're identifying a buy zone at 88,300 based on your H4 (4-hour) chart analysis. Here are a few things to consider:
Key Technical Factors to Watch:
1. Support & Demand:
If 88,300 aligns with a strong support level, it could be a good buy zone.
Check if price has bounced from this area previously.
2. Indicators Confirmation:
RSI: Is it near oversold (below 30)?
Moving Averages: Is price interacting with a key MA (50, 100, or 200)?
Fibonacci Levels: Does 88,300 align with a retracement level?
3. Market Structure:
Look for bullish candlestick patterns (hammer, engulfing) in this area.
Trend direction—are we in a larger uptrend or downtrend?
4. Liquidity & Order Flow:
If there's a liquidity grab (fakeout below a previous low), this could trigger a bullish reversal.
5. News & Fundamentals:
Keep an eye on economic data (interest rate decisions, inflation reports).
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.
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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.