The pattern is forming

On lower time frames, we start to see LLs and price got rejected from MAs (in the circle). I keep my seller bias until we see HHs above MAs.

Giao dịch đang hoạt động:

At around 6 PM, sellers pushed below B point. This triggered pending buy orders which ended up around $0.143. However, buyers couldn't hold and let the price cross and go below B point further. So, I expect some more downward movement before buyers act again. On the other hand, as the time passes D point of the formation stays below the rising channel which makes it harder for this pattern to occur, yet I still expect a push towards the demand zone below. We'll see...

Giao dịch được đóng thủ công:

I didn't like the sellers be too slow. I bought back my bag with a couple of % gains @$0.1337. In the end, profit is profit :)