Price Action Study Based on below three probability and condition
1)Structure
2)Moving Average 150MA
3) Volume Analysis
1) Structure: Lower Low and Lower High in Descending Triangle Pattern
Currently, in the hourly time frame, the price is trading in a Lower Low, and Lower High Structure in a Descending Triangle Pattern.
Descending Triangle is a Bearish pattern but not all the time sometimes it may even turn into bullish mode also
2) Moving Average 150MA :
In the hourly time frame price is observed mingled with 150MA, which indicates the structure is neutral, No Bullish or Bearish
3) Volume Analysis :
In the current trend, there is no strong buyer or strong seller.
4) Expectations/Probability
Probability 1: If the price continues on the Higher side it may hit 0.018$
Probability 2: If the price continues on the Lower side it may hit 0.012$
1)Structure
2)Moving Average 150MA
3) Volume Analysis
1) Structure: Lower Low and Lower High in Descending Triangle Pattern
Currently, in the hourly time frame, the price is trading in a Lower Low, and Lower High Structure in a Descending Triangle Pattern.
Descending Triangle is a Bearish pattern but not all the time sometimes it may even turn into bullish mode also
2) Moving Average 150MA :
In the hourly time frame price is observed mingled with 150MA, which indicates the structure is neutral, No Bullish or Bearish
3) Volume Analysis :
In the current trend, there is no strong buyer or strong seller.
4) Expectations/Probability
Probability 1: If the price continues on the Higher side it may hit 0.018$
Probability 2: If the price continues on the Lower side it may hit 0.012$
Trade closed: stop reached