No time to explain i will update later...gotta place some trades "Just don't go crazy on leverage."
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What we witnessed on this chart was a strong sell off to $203 as a result of a strong bullish momentum away from the mean. However this sell off is not sustainable as shown by the bullish hammer printed on the hourly and 30 mins time frame. This in effect will cause a rally back up to the new highs originally created. Safe trading everyone and wish you all the best.