A strategic approach would be placing buy orders below 500 while implementing a Dollar Cost Averaging strategy down to 400 to smooth out entries in case of further downside. If the price confirms a reversal from this zone, the next targets align with 650 and ultimately 790, where prior resistance has been established.
The weekly EMA Ribbon remains bullish, providing dynamic support, which strengthens the probability of a continuation to the upside once this correction plays out.
Now the key question is whether buyers will defend this critical zone or if sellers will push for a deeper retracement.
👨🏻💻💭 What is your take, are you positioning for accumulation or waiting for further confirmation?
__
The information and publications within the 3Commas TradingView account are not meant to be and do not constitute financial, investment, trading, or other types of advice or recommendations supplied or endorsed by 3Commas and any of the parties acting on behalf of 3Commas, including its employees, contractors, ambassadors, etc.
🤖 It's time to trade smarter with 3Commas!!
📣 Sign up to get up to 25% off
👉 bit.ly/TradingView3Commas
📣 Sign up to get up to 25% off
👉 bit.ly/TradingView3Commas
Feragatname
Bilgiler ve yayınlar, TradingView tarafından sağlanan veya onaylanan finansal, yatırım, işlem veya diğer türden tavsiye veya tavsiyeler anlamına gelmez ve teşkil etmez. Kullanım Şartları'nda daha fazlasını okuyun.
🤖 It's time to trade smarter with 3Commas!!
📣 Sign up to get up to 25% off
👉 bit.ly/TradingView3Commas
📣 Sign up to get up to 25% off
👉 bit.ly/TradingView3Commas
Feragatname
Bilgiler ve yayınlar, TradingView tarafından sağlanan veya onaylanan finansal, yatırım, işlem veya diğer türden tavsiye veya tavsiyeler anlamına gelmez ve teşkil etmez. Kullanım Şartları'nda daha fazlasını okuyun.