TRX is sitting around strong weekly demand in green so we will be looking for buy setups.
on H4: TRX formed a valid inverse head and shoulders pattern 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 neckline in gray to buy.
Meanwhile, until the buy is activated, TRX would be overall can still trade lower. In this case, we will be looking for new buy setups as price approaches the green zone again.
All Strategies Are Good; If Managed Properly!