When price wants to breakout from a major resistance. you need volume breakout to buy up and absorb all the bears and kill them. then continue to go up.
Look at volume. pathetic. that's not a legit breakout. longing this is pure gamble.
in some cases low volume breakout can be legit when price retraces back a little and consolidates near the resistance and keep battering the resistance. which is not the case.
RR ratio is in favor of shorts. remember you don't long resistance and you don't short support.
WINTER IS COMING. the volume bear night king is currently baiting the longers ..then finally to kill them and turn them into his army by liquidating their money & hope and dreams.
Look at volume. pathetic. that's not a legit breakout. longing this is pure gamble.
in some cases low volume breakout can be legit when price retraces back a little and consolidates near the resistance and keep battering the resistance. which is not the case.
RR ratio is in favor of shorts. remember you don't long resistance and you don't short support.
WINTER IS COMING. the volume bear night king is currently baiting the longers ..then finally to kill them and turn them into his army by liquidating their money & hope and dreams.
Comment:
Dropping another one.
Yes it is that easy. you don't 10 fancy indicators telling you what to do. just basic TA is more than enough.
Price at massive resistance? you short. what if price breaks the resistance? you wait for pullback and close the short. jeez dude it is not that hard.
Dropping another one.
Yes it is that easy. you don't 10 fancy indicators telling you what to do. just basic TA is more than enough.
Price at massive resistance? you short. what if price breaks the resistance? you wait for pullback and close the short. jeez dude it is not that hard.
EZ CLAP.
Also notice when it breaks resistance with HUGE volume. it retraces back to test the resistance that flipped to support now. it held & went up all the way to 20k.