Couple of signals pointing to a bullish reversal and indicating long position:
1. Bullish div on daily Price vs RSI
2. Stoch RSI oversold about to cross on daily
3. We are in support zone so you can place some buys
3 options:
1. Go long now (~ 2500 sats) before immediate blue falling resistance is overtaken - Risky
2. Go long after a close of daily and probable test above blue resistance (~2700 sats) - Less Risky
3. Wait out the next moves to confirm direction. If afraid of bull traps, enter on retest of flipped resistance at ~2970 sats level.
Lets see:
1. Bullish div on daily Price vs RSI
2. Stoch RSI oversold about to cross on daily
3. We are in support zone so you can place some buys
3 options:
1. Go long now (~ 2500 sats) before immediate blue falling resistance is overtaken - Risky
2. Go long after a close of daily and probable test above blue resistance (~2700 sats) - Less Risky
3. Wait out the next moves to confirm direction. If afraid of bull traps, enter on retest of flipped resistance at ~2970 sats level.
Lets see:
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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.