$ONE 👀 Are you seeing the movement?

It’s a shame I couldn’t share the information when I entered the trade because of the electricity issues 💡 I’ve hardly shared any trades since then. The most recent one was when I was analyzing BTC and wanted to do some scalping, but it didn’t work out 😅 and the one before that was $AKE where I was applying a strategy. In the comments, you helped me identify that I was wrong on that trade because it wasn’t a support level. We’re getting better, step by step.

But anyway, I wanted to share that I was analyzing this chart, and based on my technical analysis, I think the price will go up because:

1. The price has been in a downward trend for weeks, but in a single candle, demand managed to push the price up, forming an engulfing candle. Basically, what the bears did over a week, the bulls managed to reverse in a single week.

2. An uptrend is an impulse, followed by a pullback, and then it continues. In this case, I drew a trend line, the price reached that area, and demand managed to defend the uptrend line.

Now I’m waiting for the price to get close to the EMA 100, because that would be the second impulse, HH (Higher High), meaning a high higher than the previous one.

🤔 Do you think it’s time to go long, or should we wait for a pullback on a lower time frame?