Overall at the bottom of its 230 day sideways range along with a recent run of the low.
Looks heavy after recent breakdown but shows that there was an attempt to push this one into negative price discovery with instead buyers showing up for the time being, also providing us with a D1 Both of these points really clear up the invalidation imv & is what I most like about this idea considering that we would now need to see a LTF higher low to form here & that has confluence with holding above HTF support after the recent fakeout below.
The above chart also shows an alternative way to play this one (squiggly showing flip of 23 level) rather than this aggressive, tight spot idea. It also outlines what I'd like to see for continuation / some LTF bullish MS starting to form in alleviating some of the recent heavyness. Some nice confluence with the USD pair as spotted by CryptoAmsterdam too !
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