The dot is approaching the important support of $5, and near this point we see candles that stick together for a long time, which many of you know as the Smart Money concept. The purpose of this concept is to engage sellers and buyers before the main movement begins. In this case, we can see that first a fake upward move is planned, then many buyers liquidate. The next move will most likely be creating a fake downward move and liquidate the sellers. But the main move after that and It will be up. When both buyers and sellers are out of the game and enough liquid is provided for the main movement. I think $5 can be a good price to open a long position with risk management.
⚠️ "Daily crypto market analyses I provide are personal opinions & not financial advice. Trading carries risks, so do your own research & seek advisor's help."
⚠️ "Daily crypto market analyses I provide are personal opinions & not financial advice. Trading carries risks, so do your own research & seek advisor's help."
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