In this chart,
I identified the following:
- Nearest Strong Supply area for 4H (there's a hidden demand there if you go for an LTF )
- Lower Highs
- Higher Lows
- LH + HL = Triangle
- Price gets rejected three times trying to break but still got rejected but selling pressure is not enough to continue the price to the downside and break the triangle
- We saw a double bottom causing the price to increase which left a good footprint to buy again and rally to the next high but eventually traded lower again and found a new demand zone
I have an entry at 19.7, 20.14, 20.18
Looking to swing this to $30 if possible it gets a 60%+ price increase the following days (especially this week) 1st week of February.
I identified the following:
- Nearest Strong Supply area for 4H (there's a hidden demand there if you go for an LTF )
- Lower Highs
- Higher Lows
- LH + HL = Triangle
- Price gets rejected three times trying to break but still got rejected but selling pressure is not enough to continue the price to the downside and break the triangle
- We saw a double bottom causing the price to increase which left a good footprint to buy again and rally to the next high but eventually traded lower again and found a new demand zone
I have an entry at 19.7, 20.14, 20.18
Looking to swing this to $30 if possible it gets a 60%+ price increase the following days (especially this week) 1st week of February.
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