#AnalysisExercise
đ„ âWell spotted @MrMeudiz , you have the eye of a keen trader! đđĄâ
â You have identified a key level at 0.27: strong demand means solid support where buyers are ready to accumulate.
đ Selling at 0.32 may seem logical if the trend is up, but have you looked at the red cliffs in the face? đ€
Are the resistances at 0.30/0.32 weak or strong?
Does the book show aggressive sellers at this level?
Can selling pressure stop the bullish momentum before 0.32?
đŻ Small challenge: If the demand at 0.27 is so strong, what happens if it is absorbed and there are no buyers left at the bottom? Have you considered a scenario of a return to the downside?
đŹ In short, well done for your observation, but a real pro does not stop at a single data in the notebook! đ Continue to refine your analysis and you will do wonders! đ