Bonk
There are two things to review before we can enter a trade. Over social media, a lot traders are contemplating the idea that we should already be place our bids on the current level and that the trend would give at least 60% pump though here's the issue
1. Market structure on the daily has flip bearish.
2. Trend was unable to claim the previous lows and has come back in the range.
I would suggest would two ways to enter.
1. Reclaim the previous low and make a market structure shift on the lower time frame to confirm the current dip was a deviation
2. See the trend on the new low
The daily fvg gap is currently providing strong support for this trend.
1. Market structure on the daily has flip bearish.
2. Trend was unable to claim the previous lows and has come back in the range.
I would suggest would two ways to enter.
1. Reclaim the previous low and make a market structure shift on the lower time frame to confirm the current dip was a deviation
2. See the trend on the new low
The daily fvg gap is currently providing strong support for this trend.
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