Close as the end of this day might give us a clue of where and how we gonna trade this this instrument. As trader we love trading on either pullback or breakouts, and in this case we can see a minor resistance just above the now price. If bullish momentum keep increasing (1) I might consider going long above resistance (2) wait for the breakout above resistance, then a pullback to the breakout point before going long. Will read the candlestick on lower timeframe and use lower timeframe for entry and to get a affordable RRR.
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DISCLAIMER: I am not a financial advisor and anything that I say on these channels should not be seen as financial advice. I am only sharing my speculation and personal experience.
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Price was unable to break resistance, violated minor up trendline, now heading down to major up trendline.
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Price pulled back to accumulation zone.