First public post, hope you enjoy! My trading style relies heavily on volume
so my current position is long. This is based on, what appears to be accumulation over the last 2 days. I've provided vertical lines to identify up/down fractals on the volume profile
. My target is the 50 EMA
and approximately 9650 area. I believe this will entice heavy hands to short the top of this range resulting in a test of the monthly support around 8835. Price action is currently trading within a descending wedge
pattern as well which i expect to break to the upside in late July, thus retesting the $10k region. Though bullish
, I am bearish
overall until $6400 tested. If $6400 is broken, I believe $4.2k becomes an inevitability. Feel free to ask questions if you like.