In my last update I mentioned resistance and support levels:
- Resistance: the first one I was looking at was 20.5k which got front run in the end
- Support: I said I was interested in one level only, and this level was 18.1k
Today, this level finally got hit and already offered us a 2% bounce
If we want this bounce to take us higher, we first need to reclaim 19.2k, in which case I'll be looking for the 20.5k liquidity to finally be taken, and then possibly higher.
For now, my 18.1k level held pretty well, but let's see if it offers us a major low.
If we break it, we don't have much support below us and would like to see a bigger drop.
Any questions?
Good luck traders
Remember not to break your rules
Habib
- Resistance: the first one I was looking at was 20.5k which got front run in the end
- Support: I said I was interested in one level only, and this level was 18.1k
Today, this level finally got hit and already offered us a 2% bounce
If we want this bounce to take us higher, we first need to reclaim 19.2k, in which case I'll be looking for the 20.5k liquidity to finally be taken, and then possibly higher.
For now, my 18.1k level held pretty well, but let's see if it offers us a major low.
If we break it, we don't have much support below us and would like to see a bigger drop.
Any questions?
Good luck traders
Remember not to break your rules
Habib
