We are currently breaking down from the triangle and horizontal support lines.
Depending on how this 4 Hourly closes we might see a breakdown towards new liquidity around 8.2-8.4k.
What could save us is a chad candle back into the triangle and above support lines. Closing below 8603 will mean bearish for me now.
Depending on how this 4 Hourly closes we might see a breakdown towards new liquidity around 8.2-8.4k.
What could save us is a chad candle back into the triangle and above support lines. Closing below 8603 will mean bearish for me now.
Note
A slight pump but rejected at the 4H resistance at 8666.5. Could be an opportunity to short here. I am currently still long from lower.Trade active
After this scam pump with no follow through, I'm certain we will reach the low 8k's if it doesn't close above 8663.Trade closed: target reached
Ya hate to be right sometimes.Follow me for my next thoughts. Will get a new chart up.
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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.