Hi everyone!
From a technical point of view, the trend on the intraday chart still remains bearish, but at the same time, in the short term I do not exclude a potential corrective (bullish) movement.
If we look at the hourly chart, we see a possible volatility squeeze in near term, and this could be a signal that a technical rebound might appear.
In conclusion our strategy is very simple: "Buy the dip" and it could also be a good idea to enter the market with small sizes (split).
Thanks for your support, like & comments and trade with care! 💗
From a technical point of view, the trend on the intraday chart still remains bearish, but at the same time, in the short term I do not exclude a potential corrective (bullish) movement.
If we look at the hourly chart, we see a possible volatility squeeze in near term, and this could be a signal that a technical rebound might appear.
In conclusion our strategy is very simple: "Buy the dip" and it could also be a good idea to enter the market with small sizes (split).
Thanks for your support, like & comments and trade with care! 💗
Note
A pullback is possible before reaching the Target...Note
Note
Trade closed: target reached
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Related publications
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.