Watching for price to drop into the blue demand zone while the daily RSI resets to the 50 level. If both conditions align, that's the next high-probability long setup.
Reasoning:
Strong rally has left RSI elevated, so a cool-down is likely.
The blue zone lines up with the prior breakout and consolidation, so it's a logical area for buyers to step in.
A confluence of demand and neutral RSI usually provides the best R:R for trend continuation.
Reasoning:
Strong rally has left RSI elevated, so a cool-down is likely.
The blue zone lines up with the prior breakout and consolidation, so it's a logical area for buyers to step in.
A confluence of demand and neutral RSI usually provides the best R:R for trend continuation.
Disclaimer
The information and publications are not meant to be, and do not constitute, financial, investment, trading, or other types of advice or recommendations supplied or endorsed by TradingView. Read more in the Terms of Use.
Disclaimer
The information and publications are not meant to be, and do not constitute, financial, investment, trading, or other types of advice or recommendations supplied or endorsed by TradingView. Read more in the Terms of Use.