A long red candle has formed on the daily chart. A strong gap down, however, I identified a volume cluster just below the current price. If buyers are strong, they will push the price up again. A strong demand zone is also just below the current price.
Our target is 1 to 1, and the stop is a close, on the daily chart, below the lower line.
Our target is 1 to 1, and the stop is a close, on the daily chart, below the lower line.
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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.