Looking on the 4H, price has broken and closed above an area of resistance. When this happens it is expected that price must then retest the broken structure to continue up...or fall back into the zone which would then be a false breakout.
If the next few candles can close above this level showing some price rejection, this may be an indication of a possible leg up. Creating new ATHs.
If the next few candles can close above this level showing some price rejection, this may be an indication of a possible leg up. Creating new ATHs.
Trade closed: target reached
Letting 25% FloatNote
Letting 13% Float
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Disclaimer
The information and publications are not meant to be, and do not constitute, financial, investment, trading, or other types of advice or recommendations supplied or endorsed by TradingView. Read more in the Terms of Use.