Market seems to be tired of trying! finally started gaining tracktion with some momentum but eventually deteriorated, sees occational fake bullish signals that end up turning into a pullback, crowd started turning towards the sell but let up. Momentum divergence noticed on MACD for 1M/1D and 1D/4H timecharts suggests divergence correction reason why buyers are selling for a mediocre time due to high priced longer timeframes.
Strategy:
gradually buy lows until price hits 1D low because at 1D low atr bands display minimal bearish activity and is a stabilized bullish position also allows longer timeframes to retrace a little so you can flank toward the target.
Strategy:
gradually buy lows until price hits 1D low because at 1D low atr bands display minimal bearish activity and is a stabilized bullish position also allows longer timeframes to retrace a little so you can flank toward the target.
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