Strong F.U candles can be seen on smaller timeframes. These candles possess huge volume backed by banks and institutions (sharks). My areas of interest for execution of trades are based on these candles.
The first zone where I'm looking for long opportunities is $24k-$24.5k
The second zone where I'll be keeping my eye is between $22.6k-$21.9k.
The reason?
1. Institutional candles at those zones.
2. Retracement levels after the major pump
3. Previous price actions.
The first zone where I'm looking for long opportunities is $24k-$24.5k
The second zone where I'll be keeping my eye is between $22.6k-$21.9k.
The reason?
1. Institutional candles at those zones.
2. Retracement levels after the major pump
3. Previous price actions.
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The information and publications are not meant to be, and do not constitute, financial, investment, trading, or other types of advice or recommendations supplied or endorsed by TradingView. Read more in the Terms of Use.
Disclaimer
The information and publications are not meant to be, and do not constitute, financial, investment, trading, or other types of advice or recommendations supplied or endorsed by TradingView. Read more in the Terms of Use.