Obviously we are in a trading range right now and the price is a little above the support line. However, the sellers are still very active and the supply is overpowering the demand but if the sides change it's safe to say we can open a long position. Also, we see positive divergence in 4h and 1h time frames on MACD and RSI indicators, yet opening any long positions still have highly risky due to lower market cap. looking forward to hear your opinions.
Note
LMAO I was wrong, my SL was hit and the reason could be that the sellers were stronger than buyers and the supply was pretty strong, these could've been the first warnings that I didn't notice. I'm glad i learnt something.
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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.