⚔️ 1 Minute War: Who Will Win on the Chart Today? 🚀
I just observed this chart on the 1 minute timeframe (1m), and to be honest, this is a classic battlefield between Buyers and Sellers!
🎯 What I See:
The Fight Zone: Pay attention to the area around the price $465. After several back and forth (which you often refer to as "war"), the Sellers attempted to push the price down close to $463.00.
Buyer's Counterattack: Suddenly, the power of Buyers came in very aggressively! They managed to push the price up quickly, breaking the previous Seller pressure.
Indication of Buyer's Victory: Look at the Moving Average (MA) indicators:
MA(5), MA(20), and MA(50) are now sequentially rising (MA 5 above MA 20 above MA 50). This is a strong Bullish Cross signal, indicating Buyer dominance in this ultra-short timeframe.
The current price is around $467.64, well above the long-term MA price ($465.29), showing very strong upward momentum.
💰 My Position (PNL Status +0.04):
I took a LONG position at the price $464.40. This entry proved to be right as it was made before Buyers launched their final attack.
⚠️ War Alert Continued!
Although Buyers are leading, this is a 1 minute chart! Corrections can come as fast as lightning.
My Strategy: Lock in profits by raising the Stop Loss to protect profits!
What do you think, friends? Will Buyers continue to push to new resistance levels, or will Sellers get their revenge in the coming minutes?
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