As we can see there are two important supports here.
The first one is that green trendline that is not broken yet because 4H candles are closing above it but two times price try to break this trendline and start to dump but was not successful.
and the second one is that the green support zone that is mentioned on the chart too and the price is not touching it yet.
Notice: these supports can easily break and then heavy fall is also expected like purple path.
Also, consider it that if the price receives support here and breaks the red trendline then the market is again bullish.
DISCLAIMER: ((trade based on your own decision ))
<<press like👍 if you enjoy💚>>
The first one is that green trendline that is not broken yet because 4H candles are closing above it but two times price try to break this trendline and start to dump but was not successful.
and the second one is that the green support zone that is mentioned on the chart too and the price is not touching it yet.
Notice: these supports can easily break and then heavy fall is also expected like purple path.
Also, consider it that if the price receives support here and breaks the red trendline then the market is again bullish.
DISCLAIMER: ((trade based on your own decision ))
<<press like👍 if you enjoy💚>>
Note
Daily view and start of this correction:
Trade active
Price is touching red trendline nowbreakout and more pump?
correction and fall?
(comment below)
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Disclaimer
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My telegram channel:
t.me/mmbtchannel
VIP Channels:
Forex:+400Pips & Crypto +420% monthly profit at VIP.
check pinned messages in my telegram channel for more info.
Related publications
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.