As a trader I can simplify the charts for ya'll . Price moves from supply and demand. As the Weekly trend still remains up then Weekly demand that hasn't yet been mitigated remains a tradable zone. From my post from last week... https://hotcopper.com.au/threads/general-discussion.6765609/page-1905?post_id=67688335.
Price traded down into the zone and swing trade entry was on the 15min. As you can see below price entered the zone and closed with a long tailed doji (indecision) on the daily which could also offer a signal that the zone is being respected. For price to continue higher it needs to trade above 4hr supply at around 0.063. I suspect price has already bottomed. I will likely be targetting 0.095. All IMO
As a trader I can simplify the charts for ya'll . Price moves...
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Last
1.8¢ |
Change
0.000(0.00%) |
Mkt cap ! $63.23M | |||
| Open | High | Low | Value | Volume |
| 1.8¢ | 1.8¢ | 1.7¢ | $18.35K | 1.036M |
Buyers (Bids)
| No. | Vol. | Price($) |
|---|---|---|
| 15 | 3716753 | 1.7¢ |
Sellers (Offers)
| Price($) | Vol. | No. |
|---|---|---|
| 1.8¢ | 2087832 | 10 |
View Market Depth
| Last trade - 16.10pm 07/05/2024 (20 minute delay) ? |
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Last
1.7¢ |
Change
0.000 ( 5.03 %) |
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| Open | High | Low | Volume | ||
| 1.8¢ | 1.8¢ | 1.7¢ | 802104 | ||
| Last updated 15.59pm 07/05/2024 ? | |||||
| DRE (ASX) Chart |