If the rest of the market catches support, this thing will rocket. If we keep dropping market wide, well....I would just short a retest of this first support/flip resistance zone.
Heading higher? Watch out for a wick through all-time highs with a major flush back down.
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I entered long after the 4 hour candle wicked back up 2.089. Up 40% now. in a V shape recovery so far. Looking for some consolidation around 3. OR, if this is a true V shape play, it'll by tapping highs soon with a breakout.
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We are currently seeing a 3rd test of this 2.08 level. Buyers still interested here. Markets reaction from a news even today will give us a good idea if its going to stay up.
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Alright now we've just had a 20% candle off this 2.08 support level. and a broader market rally to boost it. Im keeping an eye on 3.265 now.