Looking at our highest timeframe we see price bouncing off our trendline and minor horizontal support. Price currently trying to find support above our previous higher high. showing momentum has bottomed out.
Shifting over to our pattern timeframe we get a better look at price bouncing off support. showing momentum is . Last time BTC was in a correction STEEM was , expecting price to behave the same. A 4hour close above 39000 sats activates our trade. 2nd entry after 4hour close above 42000 sats
Finally looking over at our trigger timeframe we see our minor resistance & support levels. An hourly close above red activates our trade, a close below blue and we wait for a 4hour confirmation of support before taking an entry. Price has broke short term downtrend and taste for support. showing short term momentum.
Buy: After break and close above 39000 sats