At first we got a Bull Flag and broke with 2 resistance points .
now we are getting the reversal formation when testing the top of the Bull Flag .
I attached a photo showing the overall accumulation from different exchanges combined Spot and Perp , now Looking at it we can see first the blue line above in up trending direction meaning people are accumulating and not selling after the big movement .
Further more we can see the 2 lines bellow Volume , we can see the 2 candles in the pull flag with high volume going up trending that's our first support and second one will be the lowest part of the Bull Flag.
Stop Loss :is below the Bull Flag , meaning it's not an uptrend movement and we need to find a new support .
photo source : aggr trade website , template from BrutalBTC
now we are getting the reversal formation when testing the top of the Bull Flag .
I attached a photo showing the overall accumulation from different exchanges combined Spot and Perp , now Looking at it we can see first the blue line above in up trending direction meaning people are accumulating and not selling after the big movement .
Further more we can see the 2 lines bellow Volume , we can see the 2 candles in the pull flag with high volume going up trending that's our first support and second one will be the lowest part of the Bull Flag.
Stop Loss :is below the Bull Flag , meaning it's not an uptrend movement and we need to find a new support .
photo source : aggr trade website , template from BrutalBTC
