Long
IT'S ALL ABOUT PRICE ACTION
Price action is a must have skill that every traders need to master because everything in the chart happening due to human nature psychology. Just want to share some tips for this counter if we wanna trade using price action is, first thing we need to look at the bigger picture of the trend. Price already break buyer's territory and there's no creation of new Lower Low as the price still hold at support. So, it is clear that we are in upside movement of the trend. Next, we need to consider the existence of sellers and make sure seller momentum slowing down so that we can entry buy at the lowest price (concept: buy low sell high). Lastly for final confirmation, we need to monitor and ensure the price not break below buyer's territory. Based on my perspective, we can entry long at USD 2.10 or can try chip in buy now for traders that have aggressive portfolio.
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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.