update from previous unvr post.
the price will continue down to 5000 (buy area 2) and probably will continue bearish to 4000 (buy area 3). u can start buying @ 5000 or 4000. if the price go below, cut loss. trade at your own risk. for long term investment.
The price can go further down if we take a look at the chart.
The price has break below the red box twice, first with the false breakout and now finally break it possibly go to the next support area / buy area #1 at 6500.
The First scenario is when the price come to buy area #1, strategy is we will wait for the price to consolidate in the buy area and wait for...
Looking at the trend and the consolidation, the the price has a big chance to break the support and go down further.
The first target is 2850, if the price could close bearish outside the square and the trend line.
The worst scenario that the price close below 2850 and go down to 2600 will make a double bottom pattern before going up again.
The best entry...
Looking at the daily timeframe, there is a rejection at the resistance area at 5150. With an MA crossing there is a possibility that the price will breakout the resistance and reaching the target that is the next resistance area.
This scenario will be safe to do after a confirmation that the price will probably go up.
We will wait for the price to break the...
