We can see that price is compressing here trying to breakout
If we can break it's local resistance at .0475, possibly it can shoot up straight towards .0497 (poor high) to .052 sweeping those local highs
Any rejection or fakeout we get at the mentioned levels, we'll be looking to re-enter at .040-ish for a possible three-drive setup
Let's see how this trade unfolds, will re-assess once we get a reaction at .0475
If we can break it's local resistance at .0475, possibly it can shoot up straight towards .0497 (poor high) to .052 sweeping those local highs
Any rejection or fakeout we get at the mentioned levels, we'll be looking to re-enter at .040-ish for a possible three-drive setup
Let's see how this trade unfolds, will re-assess once we get a reaction at .0475
Tealstreet.io Trade Faster & Trade Easier
Content in partnership with:
twitter.com/mooncakexbt
twitter.com/huskyXBT
Content in partnership with:
twitter.com/mooncakexbt
twitter.com/huskyXBT
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.
Tealstreet.io Trade Faster & Trade Easier
Content in partnership with:
twitter.com/mooncakexbt
twitter.com/huskyXBT
Content in partnership with:
twitter.com/mooncakexbt
twitter.com/huskyXBT
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.