- Analyzing the market sentiment with Current Ratio indicator, we see a formed signal that confirms our idea of Buy Order.
- In this sideways movement, retail traders prefer to hold short trades. There seem to be a major player interest in an upward movement.
- The idea of this Buy forecast is based on a long-term upntrend, which is confirmed by the MVP indicator dynamics.
- We see an accumulation of loss sellers below the current price in the right Order Book. This cluster can act as a support.
- The given Stop Losses of market participants are on the same level as the previous high, which will serve as the target for our trade.
Chart & Analyst Comments
