The weekend range has been fully swept, and price has moved back inside the Monday range. After reclaiming the MDAY-Low, we can see early signs of a shift in momentum, supported by the Total Market Cap structure which also suggests a potential long opportunity.
Price is breaking above the descending trendline while forming a rounded retest structure. My first target is the Monday High (MDAY-H), where a bearish order block sits. I plan to secure 50% profits at that level and let the remainder run if market strength continues.
Invalidation sits below the recent swing low.
MrC
Price is breaking above the descending trendline while forming a rounded retest structure. My first target is the Monday High (MDAY-H), where a bearish order block sits. I plan to secure 50% profits at that level and let the remainder run if market strength continues.
Invalidation sits below the recent swing low.
MrC
Trade active
Moved SL to EP. free ride now Trade closed: target reached
Target hit 🎯 
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Related publications
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.