Short-term hopefully not weather forecasting here guys. and trending high atm. We should reach MA 20 @ $6,720 level and bounce back to hit the newly established uptrend support forming either a or a lower high. Regaining strength at that level and then pushing through the 20 MA giving us a signal that we would also break the descending main unless at that point of time they coincide at the same point like the previous high had lots of resistance.
Short: $6,720 when we reach 20 MA
Stop loss: $7,100 if we breach 20 MA and
Close: $6,270 switch to long but check again if we are to go further down
wait out the zig-zags short-term and enter only when
Long upon break of 20 MA and at > $ 6,950 given a 4h candle close.
Stop loss: $ 6,650