Long
REEF NEW HIGH OR BOUNCE
Price Action Analysis
• If the price remains above the Level 1 control point at 0.004318, we could expect new highs, potentially reaching 0.0072.
• However, if the price loses the Level 1 control point, we may observe a bounce, depending on the strength of buying pressure, at 0.0030. In the case of extreme market stress, a worst-case scenario could see prices drop to 0.0011.
Key Takeaways:
• Monitor these levels closely to avoid entering a non-profitable range that may lead to losses.
• Price between moving averages is typically not profitable, except for grid trading bots, which may benefit from such conditions.
Disclaimer: Before proceeding, please note that the following information is based on technical analysis and should not be construed as investment advice. Always conduct your own research and, if necessary, seek advice from a financial professional. Once again, these are solely my analyses and should not be taken as guarantees of success. The financial market is volatile, and there are always risks involved. Always be prepared and conduct your own analyses before making any investment decisions.
• If the price remains above the Level 1 control point at 0.004318, we could expect new highs, potentially reaching 0.0072.
• However, if the price loses the Level 1 control point, we may observe a bounce, depending on the strength of buying pressure, at 0.0030. In the case of extreme market stress, a worst-case scenario could see prices drop to 0.0011.
Key Takeaways:
• Monitor these levels closely to avoid entering a non-profitable range that may lead to losses.
• Price between moving averages is typically not profitable, except for grid trading bots, which may benefit from such conditions.
Disclaimer: Before proceeding, please note that the following information is based on technical analysis and should not be construed as investment advice. Always conduct your own research and, if necessary, seek advice from a financial professional. Once again, these are solely my analyses and should not be taken as guarantees of success. The financial market is volatile, and there are always risks involved. Always be prepared and conduct your own analyses before making any investment decisions.
Disclaimer
The information and publications are not meant to be, and do not constitute, financial, investment, trading, or other types of advice or recommendations supplied or endorsed by TradingView. Read more in the Terms of Use.
Disclaimer
The information and publications are not meant to be, and do not constitute, financial, investment, trading, or other types of advice or recommendations supplied or endorsed by TradingView. Read more in the Terms of Use.