Watching closely how stronger the pullback of downtrend is
1D
main downtrend, that lasted for long time, correction is needed. On Fibo 0.618
1H
EFI goes to 0, looks like reversal
If retracement lower than 30% = strong momentum, worth buying
For now, the price fixed above old SR but have lost momentum.
15min
Stochastic shows divergency around A
Buy volumes getting higher.
In my perception due to bearish market and pressure, the price could not stand higher for long time
I expect slight correction and slow buyers momentum.
Now, because the trend is not clear and confirmed
I wait for finishing formation to see how strong buyers are, but presumably they will make spike to 5(C) and then trend will continue falling.
Only after that I will consider short opportunity.
1D
1H
EFI goes to 0, looks like reversal
If retracement lower than 30% = strong momentum, worth buying
For now, the price fixed above old SR but have lost momentum.
15min
Stochastic shows divergency around A
Buy volumes getting higher.
In my perception due to bearish market and pressure, the price could not stand higher for long time
I expect slight correction and slow buyers momentum.
Now, because the trend is not clear and confirmed
I wait for finishing formation to see how strong buyers are, but presumably they will make spike to 5(C) and then trend will continue falling.
Only after that I will consider short opportunity.