Right before 1W and 1M candle closes... Also a potential bearish divergence may eventually form (from $5,500 red candle) if price hits $5,280~ confirming the downward channel.
Trade active:
Comment:
RSI bullish divergence in 4hr TF. Very bearish market sentiment right now:
Comment:
Wedge and channel's bottom (grey line) acting as resistance on 2/4hr. Bulls must close the next above $5,160 if they want another chance. MACD cross in play as well.
Breaking $5,210 will turn things bullish in very short term. I've set my SL set at BEP: $5,200
Breaking $5,210 will turn things bullish in very short term. I've set my SL set at BEP: $5,200
Comment:
RSI bearish divergence
Trade closed: stop reached:
Closed in BEP because my SL got triggered. Bullish momentum is building, good entry for long.
