We are currently breaking down from the triangle and horizontal support lines.
Depending on how this 4 Hourly closes we might see a breakdown towards new liquidity around 8.2-8.4k.
What could save us is a chad candle back into the triangle and above support lines. Closing below 8603 will mean bearish for me now.
Depending on how this 4 Hourly closes we might see a breakdown towards new liquidity around 8.2-8.4k.
What could save us is a chad candle back into the triangle and above support lines. Closing below 8603 will mean bearish for me now.
Comment:
A slight pump but rejected at the 4H resistance at 8666.5. Could be an opportunity to short here. I am currently still long from lower.
Trade active:
After this scam pump with no follow through, I'm certain we will reach the low 8k's if it doesn't close above 8663.
Trade closed: target reached:
Ya hate to be right sometimes.
Follow me for my next thoughts. Will get a new chart up.
Follow me for my next thoughts. Will get a new chart up.