kekius maximus
where the price has touched the last support level on the H1 timeframe. You also mentioned that there is a possibility the price could move sideways for an extended period.
In this analysis, several key points you've highlighted are:
Support on the H1 Timeframe: This indicates that the price has reached a level that frequently acts as a reversal or support point. It suggests that the price might not fall below this support level in the short term.
Price Momentum: You mentioned that price momentum is still ongoing, which may indicate that the price is either continuing in a trend or undergoing a correction phase.
Potential Sideways Movement: This indicates that the price could move within a narrow range without a clear direction, often happening when there is market uncertainty or a lack of strong momentum in either direction.
Small Entry Size: Entering with a smaller position size is recommended to mitigate risk in case of unexpected market movements. This is a wise approach, especially in markets that might remain sideways over a longer period.
In this analysis, several key points you've highlighted are:
Support on the H1 Timeframe: This indicates that the price has reached a level that frequently acts as a reversal or support point. It suggests that the price might not fall below this support level in the short term.
Price Momentum: You mentioned that price momentum is still ongoing, which may indicate that the price is either continuing in a trend or undergoing a correction phase.
Potential Sideways Movement: This indicates that the price could move within a narrow range without a clear direction, often happening when there is market uncertainty or a lack of strong momentum in either direction.
Small Entry Size: Entering with a smaller position size is recommended to mitigate risk in case of unexpected market movements. This is a wise approach, especially in markets that might remain sideways over a longer period.
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