Price is ranging right now without a clear direction. its not worth buying right now in these conditions.
As i clearly show on the chart we have 2 possible scenarios.
1) Price follows the purple lines and retracts. You can look for buying zone (yellow circle) at 3700$
2) Price breaks the top down ( blue) and follows the green lines. I advice to wait until the price retracts to the yellow circle (4115$) to place the LONG order. (take profit at the superior circle, 4460$)
Please remember that patience usually pays off. It makes no sense to place a mindless order just because we are impatient. The good thing is the market always give us new trading opportunities.
I WILL BE UPDATING THIS CHART IN A FEW HOURS.
Good Trading! :)
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TIPS are welcome too:
It took his time but entry (C) hit.
Now we are long on this.