As I said earlier, a bullish candle close on $TRUST could validate a counter-trend long setup. However, I didn't enter because I believe this could be a trap. 🪤
As we can see, the price faced rejection from the 8 EMA, leaving a wick behind. This clearly shows that buyers initially showed interest, but sellers stepped in and pushed the price down.
If the candle had closed strongly bullish and broken above the 8 EMA, I could have considered entering the trade at that point. ☝️
Anyway, I hope you learned something valuable and gained some useful trading knowledge from this analysis.
Thanks for reading! 😊📊
As we can see, the price faced rejection from the 8 EMA, leaving a wick behind. This clearly shows that buyers initially showed interest, but sellers stepped in and pushed the price down.
If the candle had closed strongly bullish and broken above the 8 EMA, I could have considered entering the trade at that point. ☝️
Anyway, I hope you learned something valuable and gained some useful trading knowledge from this analysis.
Thanks for reading! 😊📊
