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$MOVE You can start adding positions here!
OI has only moved 0.3%, the price hasn't moved much, and the market is very stable. This kind of movement can't be achieved by retail traders; the big players are controlling the price and shaking out weak hands.
The long-short ratio is 46/54, with the bears slightly in the lead. Retail traders are slightly bearish at this level, and the big players are just reversing the trend to harvest. Tell me, if the big players finish shaking out the weak hands and don't push the price up, what's the point of holding back?
I personally entered a long position around 0.0179, with a stop loss at 0.01576. This level is away from the round number to prevent being swept out. The first target is 0.02113; once reached, take some profits and hold the rest. The second target is 0.02274; if you can hold, keep running.
Manage your position well, don't go all-in. Before the sideways shakeout ends, it's an opportunity to build positions, not a one-shot chance. When the signals change, close your positions; if things don't look right, exit.