Hello Traders, here is the full analysis for this pair, let me know in the comment section below if you have any questions, the entry will be taken only if all rules of the strategies will be satisfied. I suggest you keep this pair on your watchlist and see if the rules of your strategy are satisfied.
Why a false Pinbar?
Because it's not on other exchanges.
Take a look at the evidence:
Bitfinex:
Binance:
Kraken:
is a warning who's selling pinbar.
The overall dynamics are downward.
It's better to look for the entry points to the shorts.
I think a good entry point would be a local support breakdown.
We could tie up a stop loss.
Cancel the shorts...
3 big side moves.
You can clearly see in this screenshot.
The third sideways movement has already lasted 21 days.
And most likely, the exit is scheduled for upward.
Buying in the middle of the canal for the upper boundary.
Push ❤️ if you think this is a useful idea!
Before to trade my ideas make your own analysis.
Thanks for your support!
