Hi, friends! Can you see how big guys buy the bottom at the volume indicator? As you know if someone not sell somethins so you can`t buy it. In this example we see how much GALA were sold in panic or any other reason.
Where is successful trade really possible? The best opportunity might be at the false breakouts of 2 key levels:
1. $0,05 - local lows
2. $0,049 - local lows
Under these levels placed a lot of sl which is liquidity for the big player and they want to collect it.
The target is $0,064-0,07 liquidity gap which is resistance for the price now.
After the false breakout of the key levels and return to the trendline the breakout is highly possible. Check the volume, because it`s shows us the willing of the big guys to buy. Stay tuned to get more updates!
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P.S. Personally, I open an entry if the price shows it according to my strategy.
Always do your analysis before making a trade.