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 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 can still trade lower.
All Strategies Are Good; If Managed Properly!