The price is acting suspicious at this support level ( preview demand area ) because:
1. Sell orders where stopped out, according to the spike you can see in the chart.
2. Price is hitting a buy limit level
3. Aggressive sellers are not active in the market
4. Price is getting resistance at preview demand area
Entry: Now is a good time, after MA crossover
SL - under support lows
TP - 2 or 3 RR
IF SL is hit, and price will break under support level, then SELL scenario will be in play, but until than, I will be to the up side.
Don't Stumble Trading! Trade Safe!
1. Sell orders where stopped out, according to the spike you can see in the chart.
2. Price is hitting a buy limit level
3. Aggressive sellers are not active in the market
4. Price is getting resistance at preview demand area
Entry: Now is a good time, after MA crossover
SL - under support lows
TP - 2 or 3 RR
IF SL is hit, and price will break under support level, then SELL scenario will be in play, but until than, I will be to the up side.
Don't Stumble Trading! Trade Safe!
Trade chiuso: stop raggiunto