We're in Macro pitchfan support area.
- Retesting monthly order block
- Point of control (POC, red) as support
- Daily bullish divergence on RSI
- 79% fib support of macro swing
Wrong place to short. We broke the weekly low, but a pump to set a lower high seems likely soon.
However good place to start scaling into spot long. With clear structure breaks we can define risk to take a margin long (break out of falling wedge + retest)
Losing POC here would be game over.
- Retesting monthly order block
- Point of control (POC, red) as support
- Daily bullish divergence on RSI
- 79% fib support of macro swing
Wrong place to short. We broke the weekly low, but a pump to set a lower high seems likely soon.
However good place to start scaling into spot long. With clear structure breaks we can define risk to take a margin long (break out of falling wedge + retest)
Losing POC here would be game over.