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BNGO is approaching a support area so we will be looking for buy setups on lower timeframes.
on H1: BNGO formed a valid channel in red and a reversal pattern. But it is not ready to go yet.
Before we buy, we want the buyers to take over.
Trigger => Waiting for a momentum candle close above the gray area to buy.
Meanwhile, until the buy is activated, BNGO would be overall bearish can still trade lower.
Good luck!
All Strategies Are Good; If Managed Properly!
~Rich