This size/action/volume for a solid long liquidation is bullish short term, MM taking out a-lot of leverage before sending price back up? More than likely.
Lets see how this 4H candle and the next close but could likely be leading to a bullish closes for the daily candle.
Worth a long attempt, keep risk manageable BUT this is for sure the make or break moment for a bullish move upward.
I managed to hit a long 21'600 on the way up but anything in the 21.8-22k area should suffice for 'good entry' given upward moves play out.
Asset Mastery
Lets see how this 4H candle and the next close but could likely be leading to a bullish closes for the daily candle.
Worth a long attempt, keep risk manageable BUT this is for sure the make or break moment for a bullish move upward.
I managed to hit a long 21'600 on the way up but anything in the 21.8-22k area should suffice for 'good entry' given upward moves play out.
Asset Mastery
Comment:
New 4H hit 21.7k as expected for a bullish price reversal - giving a support low. really need to see 21.7k HOLD now as support and the 4H turn green within this 30mins-1H
Comment:
Also IF bulls are to take over again we should see 22.5k reclaimed fast.
Comment:
Trade closed in profit. bearish pressure is remaining.
