Demand had been in power for a year now and still showing dominance. As long as the 148-149 area hold I am looking for buy entries on that support, which is also providing a tight stop loss for a good reward back. Would only start looking for sell entries if price would break under 148. showing major supply overweighting. Having still to be careful if taking buy entries as price may retest 148 doing more accumulation before going actually upward.
As for the 4 hours, we can see a HH upside the 150.2 area on heavy demand and light supply at the retest. Which is also a good place to initiate a buy entry.
Monthly
Demand has been in power ever since July'20. In March price went upside the 150. level showing demand remaining dominant. Starting when 150. got tested back showing supply absorption. And then in May printing a bullish engulfing on heavy demand pushing the price to 155. For after the two following month having a retest of 150 showing supply absorption. And for the current monthly formation price is showing absorption of supply again for now.
Weekly
The last two week have been showing some supply presence in term of testing back the 149 area, but also did show a stop in action. This could make price test more 148 again before going higher, so gotta still remains careful when taking buy entries.
Daily:
Did show sudden stop in action at the 150 area on yesterday close + supply absorption. Which is buying interest signs but considering how the daily close of the 19th, the supply was so heavy even if the it got absorbed after there's still a slight chance the level under 150 get test more, as said previously.
면책 조항: 본 게시글에 표현된 견해는 전적으로 작성자의 견해이며 Followme의 공식 입장을 대변하지 않습니다. Followme는 제공된 정보의 정확성, 완전성 또는 신뢰성에 대해 책임을 지지 않으며, 서면으로 명시적으로 언급되지 않는 한 해당 내용을 기반으로 취해진 어떠한 조치에 대해서도 책임을 지지 않습니다.
