Given the price range established since March 2022, the price is currently in the middle of the trading range. After a prolonged and exhausting downward movement, it will likely move toward the upper limit (resistance) of the range. Therefore, on lower timeframes (4H or 1H), we can look for selling opportunities in the middle of the range. Once the price reaches the lower limit (support) of the range and shows signs of money inflow and liquidity, we can look for buying opportunities up to the upper limit of the range.
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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.