Hello TradingView Family / Fellow Traders. This is Richard, also known as theSignalyst.
📈 According to our latest analysis, MPC rejected the $0.3 round number and subsequently broke above the last major high in red. Therefore, the bulls have already taken over.
📉 MPC is currently in a correction phase, retesting the red structure.
🎯 For the bulls to regain control and initiate the next upward impulse movement, leading to a continuation towards the $0.525 resistance, a break above the last minor high in orange at $0.42 is required.
📚 Always follow your trading plan regarding entry, risk management, and trade management.
Good luck!
All Strategies Are Good; If Managed Properly! ~Rich
The accumulation that MPC is doing looks good. Very solid patterns. The movement above 0.3500 was very important for a possible bullish continuation movement. Great job
TheSignalyst
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@KlejdiCuni, I totally agree. thanks for sharing your thoughts brother