Chart psychology
Updated
Based on chart psychology:
-Price have been ranging the past 2 days between 9750-9950.
-Bull still hold their position and wait for it to reach 10k.
-Less people enter market now. Most just wait & watching the price to break 10k.
-Previous buyer might take their profit when market hit 10k. This might make the market having reverse spike.
-For those who want to enter buy, let the market reverse and enter at price where it have strong rejection to go up. There is high probability buyer that hold position put their SL around 9000 and H4 chart support at 8340. This will be strong rejection area.
-But if the price break 10k with huge blow, wait for it to go up above 10300-10500 and enter buy limit at 10000 when the price making correction.
-Price have been ranging the past 2 days between 9750-9950.
-Bull still hold their position and wait for it to reach 10k.
-Less people enter market now. Most just wait & watching the price to break 10k.
-Previous buyer might take their profit when market hit 10k. This might make the market having reverse spike.
-For those who want to enter buy, let the market reverse and enter at price where it have strong rejection to go up. There is high probability buyer that hold position put their SL around 9000 and H4 chart support at 8340. This will be strong rejection area.
-But if the price break 10k with huge blow, wait for it to go up above 10300-10500 and enter buy limit at 10000 when the price making correction.
Note
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