This pair has bounce off nicely after taking out stop losses of over leveraged positions at 0.0118.
Next it had found not one but two consolidation areas where accumulation happened.
The first area was retested after the breakout and price bounced back forming the next zone of consolidation where more accumulation happened.
Although after the breakout from the 2nd zone we haven't see a retest. It is possible that there might not be a retest for this are as this consolidation was a continuation of the last one and the volume size of this one is not as large as the first one.
We can however distribute our entries across the current price and also the last zone's retest area. I expect this pair to continue pushing higher and head towards the last resistance.
Possible Entries: 0.0229 - 0.021400
Next it had found not one but two consolidation areas where accumulation happened.
The first area was retested after the breakout and price bounced back forming the next zone of consolidation where more accumulation happened.
Although after the breakout from the 2nd zone we haven't see a retest. It is possible that there might not be a retest for this are as this consolidation was a continuation of the last one and the volume size of this one is not as large as the first one.
We can however distribute our entries across the current price and also the last zone's retest area. I expect this pair to continue pushing higher and head towards the last resistance.
Possible Entries: 0.0229 - 0.021400
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Telegram: @MrTuanDoan
Telegram: @MrTuanDoan