as we can see, resistance/ supply zones are not pushing price down
instead price keeps pushing up
now its near a weekly and daily gap area which could be a resistance
i am not going long for now. i expect price to reject.
however, the way it gets pushed down will determine if the uptrend continues or if it ends.
if it gets pushed down by force, then i won't be longing it yet
if its a very corrective move down, i will wait for confirmation to go long. It could go above $270 n beyond if that happens
instead price keeps pushing up
now its near a weekly and daily gap area which could be a resistance
i am not going long for now. i expect price to reject.
however, the way it gets pushed down will determine if the uptrend continues or if it ends.
if it gets pushed down by force, then i won't be longing it yet
if its a very corrective move down, i will wait for confirmation to go long. It could go above $270 n beyond if that happens
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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.