BINANCE:REEFUSD   REEF / US Dollar (calculated by TradingView)
Hello everyone, if you like the idea, do not forget to support with a like and follow.

REEF is sitting around strong daily support in blue so we will be looking for buy setups.

on H1: REEF formed a valid channel in red but it is not ready to go yet.

Before we buy, we want the buyers to prove that they are taking over again.
You don't want to buy a bearish market right?

Trigger => Waiting for a momentum candle close above the last swing high (in gray) to buy.

Meanwhile, until the buy is activated, REEF would be overall bearish can still trade lower.

Good luck!

All Strategies Are Good; If Managed Properly!
~Rich
This analysis is done using RichTL indicator
http://www.RichTL.com

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Comments

thanks for sharing
where is your target bro?
+2 Reply
@SignalProvider i buy and hold
Reply
Interesting setup. Thank you!
+1 Reply
@KlejdiCuni thank you so much
Reply
Can i buy now?
+1 Reply
TheSignalyst lastbet69
@lastbet69, not before we have a candle close above the gray zone
Reply
lastbet69 TheSignalyst
@TheSignalyst, what's price on gray zone?
Reply
Very nicely done gentleman 🙌
+1 Reply