The OCEAN is Bumpy 🌊 Analysis #14/50

12 de mar. de 2023

Hello TradingView Family / Fellow Traders. This is Richard, also known as theSignalyst.

on DAILY: Left Chart
OCEAN is overall bearish , however we are approaching a strong demand zone and previous major high. So we will be looking for buy setups on lower timeframes.

on H4: Right Chart
OCEAN is bearish from a short-term perspective trading inside the falling red channel.

🏹 Trigger => for the bulls to take over, we need a new high to form and then a break above the upper red trendline and red zone.

Meanwhile, until the buy is activated, OCEAN can still trade lower till the 0.25 demand zone .

📚 Always follow your trading plan regarding entry, risk management, and trade management.

Good luck!

All Strategies Are Good; If Managed Properly!
~Rich