DMAIL/USDT [4H] short term price reversal
DMAIL/USDT has had quite a run up in the past few days, up almost 100% in the last 4-5 days.
Supporting ideas:
1. Very steep price action, needs to cool on higher timeframes.
2. Massively declining volume, almost looks inverse price action.
3. Shooting star on the 4H to indicate a reversal.
Let's see how this goes, I think we will see price tap 0.618 or at least 0.5 before continuing up if market agrees.
Supporting ideas:
1. Very steep price action, needs to cool on higher timeframes.
2. Massively declining volume, almost looks inverse price action.
3. Shooting star on the 4H to indicate a reversal.
Let's see how this goes, I think we will see price tap 0.618 or at least 0.5 before continuing up if market agrees.
Note
This stayed pretty strong relative to market over last few day (25-28 Aug), might run harder next time market pumps.
Idea invalidated, maybe next time! :)
Note
Maybe I spoke too soon, tp1 hitNote
Trade complete and all targets hit, thank you for reading :) 
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