At first I was thinking I should long this because of the falling wedge pattern, 200MA support, support at the fibzone, and the good R/R. Also, from the news the FA has lots of potential. However, there are other things that make me hesitant.
- Lagging chikou span dropped below candles
- Looks a lot like distribution phase D, last point of supply (LPSY)
Also, unsure where BTC is heading so I'm thinking won't take this trade even thought the profits would be nice!
Let me know what you think!
- Lagging chikou span dropped below candles
- Looks a lot like distribution phase D, last point of supply (LPSY)
Also, unsure where BTC is heading so I'm thinking won't take this trade even thought the profits would be nice!
Let me know what you think!