Use volume to determine direction. Use RSI as a clue to accumulation or distribution activity. Volume is key.. period... Don't get trapped anymore. GL!
Trend channel variant with some predictability .. RSI may provide clues to accumulation (below 30 and 50 on RSI) or distribution (above 50 and 70 RSI) There was divergence negative div on the daily but only caused an intermediate pause in the trend for now. every move up or down is 100 % volume driven. If you can read volume, you will increase your projections...
might get a good scalp in if strength comes back to test the 50% AR volume is light so if strength shows, it could feasably break through it for a scalp maybe GL!!
Some demand showing up ... BUT the demand still appears really low... High risk, need confirmation in or around most recent demand area. Too high after what might be an UPTAD.... GL!
Daily uptrend structure with quite a bit of supply coming in... too high to go long here imo..... Dont get caught
waiting for drop to 50% fib at least with SOS' GL.. don't get caught
although an uptrend structurally, the volume surges are sporadic. There are many demand voids that this can fall through. Def in a danger area if long IMO! Pullback surely needed with Strength if considering long GL!
Retrace/correction ... Always volume dependent/anything can happen. The facts are in the charts. GL