I deeply analyzed weekly chart of $FXS.
Right now weekly making lower high, lower low as per the market structure
In other hand FXS in falling wedge and waiting to breakout, as soon as it breakout people will start longing it and their stop loss will be at last swing low.
As you can see there is already liquidity resting below the last swing low, I am expecting after breakout (50% rally) it will come down and sweep all the liquidity below. you can also assume it as retest of falling wedge.
now you perfect spot trading setup
1) BUY NOW (in the gray zone)
2) SELL after breakout (40-50% rally as you can see in chart)
3) BUY on retest (after sweeping all liquidity below, don't fomo)
FOLLOW ME ON TWITTER FOR UPDATED ON OTHER COINS.
Right now weekly making lower high, lower low as per the market structure
In other hand FXS in falling wedge and waiting to breakout, as soon as it breakout people will start longing it and their stop loss will be at last swing low.
As you can see there is already liquidity resting below the last swing low, I am expecting after breakout (50% rally) it will come down and sweep all the liquidity below. you can also assume it as retest of falling wedge.
now you perfect spot trading setup
1) BUY NOW (in the gray zone)
2) SELL after breakout (40-50% rally as you can see in chart)
3) BUY on retest (after sweeping all liquidity below, don't fomo)
FOLLOW ME ON TWITTER FOR UPDATED ON OTHER COINS.