JASMYUSDT Possible long position developing
As we can see from the chart, JASMYUSDT has reached a daily support level. After a big push into support it created an inside bar. The following candle has created a false breakout from this inside bar and this can be a great signal for a trend reversal.
I need to wait for the close of this bar to add confirmation to the trade. If this candle closes as a false breakout candle i will be looking to enter a long trade into the 50% and 61.8% area.
If the candle closes below the inside bar i will not be taking the trade and looking at a possible short into resistance.
Good Luck!
I need to wait for the close of this bar to add confirmation to the trade. If this candle closes as a false breakout candle i will be looking to enter a long trade into the 50% and 61.8% area.
If the candle closes below the inside bar i will not be taking the trade and looking at a possible short into resistance.
Good Luck!