When the price rises with this intensive move to the specified range, which is a very important range, the probability of continuing the upward trend is very, very low!
The price seems to react when it reaches the specified range, it should be noted that the correction process within the channel is not yet complete. Of course, it is possible to engulf the range (touch the price 0.72) and then complete the downtrend.
If the specified ranges become engulfed, the probability that it will continue its upward trend by withdrawing orders from lower regions will be strengthened.
The price seems to react when it reaches the specified range, it should be noted that the correction process within the channel is not yet complete. Of course, it is possible to engulf the range (touch the price 0.72) and then complete the downtrend.
If the specified ranges become engulfed, the probability that it will continue its upward trend by withdrawing orders from lower regions will be strengthened.
Trade active:
See how nice the price reaction is to the specified range.
Trade closed: target reached:
It moved very nicely according to the scenario