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FACEBOOK is approaching a strong daily supply in green and round number 300.0 so we will be looking for sell setups on lower timeframes.
on H1: FACEBOOK is forming a trendline in red, but it is not valid yet, so we will be waiting for a third swing low to form around it to consider it our trigger swing. (projection in purple).
Trigger => Waiting for that swing to form and then sell after a momentum candle close below it (gray zone)
Until the sell is activated, FACEBOOK would be overall bullish and can still test the 300.0 level or even break it upward.
Good luck!
All Strategies Are Good; If Managed Properly!
~Rich
FACEBOOK is approaching a strong daily supply in green and round number 300.0 so we will be looking for sell setups on lower timeframes.
on H1: FACEBOOK is forming a trendline in red, but it is not valid yet, so we will be waiting for a third swing low to form around it to consider it our trigger swing. (projection in purple).
Trigger => Waiting for that swing to form and then sell after a momentum candle close below it (gray zone)
Until the sell is activated, FACEBOOK would be overall bullish and can still test the 300.0 level or even break it upward.
Good luck!
All Strategies Are Good; If Managed Properly!
~Rich
This analysis is done using RichTL
www.RichTL.com
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www.t.me/thesignalyst
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www.RichTL.com
My Telegram Channel
www.t.me/thesignalyst
Buy CRGPT on Uniswap
cutt.ly/CRGPT