Why will I enter?!
Daily: Price is in a . is approaching bottom of the . This tells me that price should test resistance soon. Used Fib to track up to 50% of most recent high which near the . Line is at 50.97. Last time price was around this range it shot up.
4 Hour: is at the bottom of the line. This would normally tell me that price should test the resistance at some point. Line is at 27.08. Last time price was around this range price shot up.
1 Hour: is approaching the top of the line. This tells me that price should test the resistance soon. However, I expect price to fall just a bit before it rises to resistance.
15 min: is at the top. Tells me that price should fall at some point. However, I see no new lows are being created. Looking for buy limit or buy stop.
5 min: is approaching the top of the line and no new lows are being created.
• Market Execution (Buy Stop activated @23.503)
If you agree I would appreciate your LIKE, FOLLOW, OR COMMENT
If you disagree let’s talk this thing out!
I’m a new trader looking to learn and grow with this great community so let’s work!
Hope your trading week is going well!