We seem to have held just above the downtrend line anchored to 20k and 9.9k, we are also currently in a high volume area which tends to see a good amount of consolidation
the first green box will be the target for a pull back while the upper box is the target for a potential reversal
Shoutout to @g_squared_iv who is a fallen knife catcher, this is how we honor...
This is a continuation of the falling knife series - last episode here:
As usual Part 1 is the big picture perspective. As we are get closer to the entry point, we start to look at the smaller time frame to prepare to buy in Part 2.
We were here:
We are now here:
The market has dropped to crucial support level. Also RSI on 4H, 1H and 1D charts looks oversold.
It is posibble to try catching the falling knife near 0.00057-0.00062 zone.
