The review of the Bit.Cash chart traditionally begins with the analysis of the first dimension of the market. The price has fallen below the lower fractal. It means the phase space is defined as southern. Accordingly, now other market dimensions can be examined to assess the opportunities for trading positions opening.
The Alligator confirms the signal of the first phase of the market: its mouth is open.
An inverse Saucer signal has appeared on the Awesome Oscillator indicator. It indicates a possible change in the direction of the market to downward. When this entry point signal appears, the market can be considered when the price falls below the local minimum.
The AC and AO indicators are in the red zone, which indicates that there are strength and energy to continue the downward movement.
The histogram of the Gator indicator has not formed a clear signal yet. The color of the histograms changes, indicating a change in market phase.
A series of red bars is drawn on the Gator indicator. This signal shows the formation of a correction.
To sum up, the phase space is defined as southern. The same direction of movement is predominantly proved by other indicators. Against this background, intraday it is worth prioritizing short positions.
📊 Sell Stop 515.43
❌ Stop Loss 546.00
After entering the market, Stop Loss is moved along the red line after closing each candle. The profit is fixed by moving Stop Loss, or when opposite signals appear on the AO, AC, Gator indicators.
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