REEF is sitting around strong daily demand in green so we will be looking for buy setups.
on H4: 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) and the orange 0.020 to buy. Preferably after a short-term movement as shown by the purple projection.
Meanwhile, until the buy is activated, REEF would be overall can still trade lower.
All Strategies Are Good; If Managed Properly!