3 validation points = confirmed downtrend ($35,444 aoi)

Once 3 validation points have been confirmed on either an up trend or a down trend its likely to reject in the opposite direction the validation point was secured at (If the down trend gets a 3rd validation point, it's likely to reject to the downside shortly after)

$35,444 seems like an area of interest over the next 24 hours for a retest of the uptrend trend lich which currently has 2 validation points, needing a 3rd to confirm a bullish edge.

Could this have been a bearish retest of the downtrend before faking out and then reversing back to the downside?

The markets tend to react based on emotions from the traders (in terms of trading, and how the markets get information about the player, and their specific reactions)

Also funding is 0.1338% and this tells me the ratio between shorts/longs is stacked on the short side which PA should need to cool down before another pump in the short term future.

"The markets move the funds from the impatient traders account directly into the patient traders account" and this is accurate in terms of traders and their impatience when it comes to finding an entry for the specific position/trade setup they are looking for.

Will attach TA updates to this post as the day proceeds.

Remember, plan your trade and trade your plan! 👍

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lose this trend line and we're in trouble (support_

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if we lose $34,000 im targeting $23,888. and $29,888

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