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We got a dead cat bounce phenomenon. After price dropped and tested the horizontal support zone we got an upward jum but were not able to print higher high. And now we have a horizontal support is broken.
So we should expect 5640$ and 5406$ level to be tested. In order to avoid risk better wait for the Traditional market opens.
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Not a Financial Advice
Comment
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There is a mistake. In an idea it should have been "Short" setup
The wick on the highest candle in the box was very short and not what one would associate with a reversal. Normally you would look for a Shooting Star. So I am interested in the methodlogy you used to determine the reversal.
ProjectSyndicate
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nice update. appreciate it.
TRXUSD best level to buy for up to 200% gains(NEW).
Protixder
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expecting huge breakout to 7K
PolarHusk
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good analysis, keep it up....
mr_kosovskiy
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))
look at my idea:
MikeZillo
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I agree with you, and we will see with great probability a Death Cross in a couple of day.s Here is my vision