FLOW, fundaments for scalping
Therr can be a bullish and a bearish scenario from here. But as there is a negative RSI divergnce, I am looking around for catching the bearish one. If we look at bearish one then stoploss can be $0.775 with 3 targets of $0.72, $0.71, $0.7 and for bullish one, it can be $0.745 and targets are not defined.
Remember It has broken its downtrend resistance line on higher timeframe so now it is overall bullish. This is just a very short term movement analysis.
Remember It has broken its downtrend resistance line on higher timeframe so now it is overall bullish. This is just a very short term movement analysis.
Trade closed: target reached:
And yes as expected bearish momentum. Dumpers pushed it to 0.66 I was not expecting it though. Closed at 0.71
Overall it was a very good trade
Overall it was a very good trade
But still bearish momentum is possible from bere