The ardor is close to a strong level of support. It is an excellent level to buy for an oscillation trade due to the good probability of reversal.
How to proceed in this opportunity?
There are 2 strategies.
The first and the simplest is to buy the asset now with a stop below the last lower level. This is the easiest strategy, as there is no need to monitor the asset all the time.
The second and most accurate is to wait for a reversal pattern. This is the most accurate, as this will ensure that you will buy the asset in the right direction.
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