On the above 6-day chart price action has corrected by 95% since January 2022. Today is great long opportunity. Why?
1) RSI and price action resistance breakouts.
2) Multiple oscillators print bullish divergence across a 4-6 month period, very powerful.
3) Seller weakness. Notice the long candle wicks into seller territory? This is especially true on the BTC pair.
4) Price action prints support on past resistance since breakout. Look left.
Is it possible price action falls further? Sure.
Is it probable? No.
Ww
Type: trade
Risk: <=6% of portfolio
Timeframe: Now, don’t sit on your hands.
Return: No idea