Hello everyone, if you like the idea, do not forget to support with a like and follow.
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 bearish 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 bearish movement as shown by the purple projection.
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