while looking at the bigger picture, sometimes market can be unclear. dropping to a lower TF can solve that problem - it enables you to see the action in area of VALUE on the higher TF
so in this scenario, my previous idea on the 4H TF shows signs of possible bullishness, but when zoomed in we see that its not so flowery at all.
from the beginning of the last meaningful move(marked with green arrow), price bounced once and then broke down below it. since then the same line(teal) has shown resistance 3 times
if Ripple wants to go higher, it has to first break the teal line, and then the red one(which comes from the last meaningful high break)
so in this scenario, my previous idea on the 4H TF shows signs of possible bullishness, but when zoomed in we see that its not so flowery at all.
from the beginning of the last meaningful move(marked with green arrow), price bounced once and then broke down below it. since then the same line(teal) has shown resistance 3 times
if Ripple wants to go higher, it has to first break the teal line, and then the red one(which comes from the last meaningful high break)
評論:
just noticed a slight typo in the title, but the trade is about to go live! RSi has held the teal line as for now
