This channel is still in play until we have a convincing close above the 200DMA. And when positioning your trades, understand that there is a very real chance we will go to the bottom of the channel while we are in it.
MarketDecryptor is giving some bullish signs, and I'm in a low leverage long, but I am cautious because the 4h chart painted a local top (red triangle) and is still trending down on the oscillator. I'm willing to DCA unless we hit lower lows.
MarketDecryptor is giving some bullish signs, and I'm in a low leverage long, but I am cautious because the 4h chart painted a local top (red triangle) and is still trending down on the oscillator. I'm willing to DCA unless we hit lower lows.