Yes, this is a kind of entry I love to see when trading, 3 indicators plus the price action in confluence:
- Volume rising
- RSI rebounding on the oversold condition despite no divergence around
- OPEN INTEREST rising at the same time
Really seems that LONGS are likely to win the battle...or, at least, this is what you can read in the charts today. But, take into account that manipulators are also reading the same so, why not dumping again and kill all those retailers who have survived from the last dump?
In any case, I have done what is expected to be done accordingly, LONG is the most likely trade and I have opened mine at 35363. First hurdle to break should be 37500.
To be continued.
@toofasteddie*Disclaimer: This is just my personal point of view, please, do your own assessment and act consequently. Neither this post nor myself is responsible of any of your profit/losses obtained as a result of this information.