At the moment we have the first back test of the 4h 50MA, not much volume on the dip so far. To me this looks like a good long entry point.
With the 1h RSI below 30 and the previous low not far away this gives me more confidence and a stop loss nice and close to minimise any loss.
With the 1h RSI below 30 and the previous low not far away this gives me more confidence and a stop loss nice and close to minimise any loss.
Trade active
Note
1D also looking good
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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.