But heck, it works wonders.
Yes, and other indicators at lower TF is .
However, it is still too risky for me. I am not trying to catch the bottom here, I am trying to make profitable trades.
Main signal I am waiting for is how we close the day: if we close with a green , it will be a strong signal for long.
Obviously, the body of the will dictate how strong the reversal signal is.
If we close above $7.3K, I will be less risk adverse in opening new long positions.