Based on this intensive movement that we have in the four-hour chart and the reaction that the price has shown to the blue range.
I have the mentality that the price should come out of the compression from the bottom.
The $ 12.698 price range seems to be suitable for the reaction and the entry point for the trade.
I have the mentality that the price should come out of the compression from the bottom.
The $ 12.698 price range seems to be suitable for the reaction and the entry point for the trade.
Trade closed: target reached:
It moved very nicely according to the scenario