I see the price is at a strong level of resistance. Im looking for signs of sellers coming into the market on lower time frames. All higher time frames are in an uptrend so this is a counter trend trade so if i dont see support being broken on lower time frames i will not enter. If this resistance is broken and retested as support, Id look for longer term buys.
Note
lower time frame perspective. I already see rejections to resistance. a more safer entry would be after the break and retest of support as resistance and/or trendline and retest on the backside of the trendline.
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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.