Take a look at this chart: Despite serious attempts by a large seller to push through the psychological 10k level, not a single (!) daily candle was closed below it.
This may indicate the presence of an even stronger buyer in this range, who did not allow to reverse the bullish trend that began in the spring into a downward trend.
As a result, we have multiple confirmation of support at 10k and shortists who have fallen into the "trap", expecting a further decline and forced to make purchases, pushing the market up.
Thus, I see the possibility of an excellent long with the current (with a short 2% -stop around 10500). The goals are as follows:
1) 11500 (+ 8%)
2) 12000 (+ 12%)
3) 12400 (+ 16%)
However, it is worth keeping in mind the possibility of another 10k retest. And if it resists, then it will be possible to buy more at a more favorable price.
If the scenario confirms its validity, one can expect large upward impulses, but we will not think that far ;)
Thank you all for your attention and remind you that you can subscribe to me (tip "About me" on the avatar), so as not to miss new trading ideas. And if you like my work - click like it! Thanks! :)
This may indicate the presence of an even stronger buyer in this range, who did not allow to reverse the bullish trend that began in the spring into a downward trend.
As a result, we have multiple confirmation of support at 10k and shortists who have fallen into the "trap", expecting a further decline and forced to make purchases, pushing the market up.
Thus, I see the possibility of an excellent long with the current (with a short 2% -stop around 10500). The goals are as follows:
1) 11500 (+ 8%)
2) 12000 (+ 12%)
3) 12400 (+ 16%)
However, it is worth keeping in mind the possibility of another 10k retest. And if it resists, then it will be possible to buy more at a more favorable price.
If the scenario confirms its validity, one can expect large upward impulses, but we will not think that far ;)
Thank you all for your attention and remind you that you can subscribe to me (tip "About me" on the avatar), so as not to miss new trading ideas. And if you like my work - click like it! Thanks! :)