Hello Fellow Traders. This is Richard, as known as theSignalyst.
on DAILY: Left Chart
WBT is still sitting inside a strong demand zone so we will be looking for buy setups on lower timeframes.
on H4: Right Chart
WBT is forming a channel in red but it is not ready to go yet.
🏹Trigger => for the bulls to take over, we need a momentum candle close above the upper red trendline and last major high in gray.
Meanwhile, until the buy is activated, WBT can still trade lower till around 3.0
Whitebit Exchange:
https://whitebit.com/auth/register?referral=f85d0d48-f715-49c4-8c16-734192fe8d1d
Always follow your trading plan regarding entry, risk management, and trade management.
Good luck!
All Strategies Are Good; If Managed Properly!
~Rich
