Support at S3 is holding, and price has moved back above yesterday’s close.
From a system perspective, structure has flipped bullish:
Price > BB Centre > SMA > MLR, confirming a short-term uptrend.
The former S2 zone has turned into resistance, so price might pause once it reaches that level.
Across the crypto market, sentiment is improving as more assets recover.
Today’s close will show if this move can continue into tomorrow.
Bias:
Bullish short-term, structure improving, watching daily close for confirmation.
Always take profits and manage risk.
Interaction is welcome.
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Disclaimer
The information and publications are not meant to be, and do not constitute, financial, investment, trading, or other types of advice or recommendations supplied or endorsed by TradingView. Read more in the Terms of Use.