Very energetic movement followed by consolidation with clearly visible double bottom at 000001550(orange ticks). Pair is consolidating within the range between 1550 and 3500 for last two weeks. I believe that level created by double bottom created solid support. It is small chance that pair will bounce from that level creating triple bottom which could move pair up and eventually break consolidation range. I'm curious to see what will happen when pair will make contact with 200 ema.
By quick look n the chart it is visible that when pair is ascending very fast and then going down slowly. I assume that the very low volume make this good opportunity to double a stake when enter with current market price.
It is also possible that pair will go lower from current level which will make another opportunity to enter the market with much higher risk/reward ratio.
I would enter right now with SL and TP level set up on chart. It is not a big risk and the probable profit look promising,
By quick look n the chart it is visible that when pair is ascending very fast and then going down slowly. I assume that the very low volume make this good opportunity to double a stake when enter with current market price.
It is also possible that pair will go lower from current level which will make another opportunity to enter the market with much higher risk/reward ratio.
I would enter right now with SL and TP level set up on chart. It is not a big risk and the probable profit look promising,