Price managed to reach the supply area with this long wick, so we are shortly going bearish until the support. The spike out made this bullish channel valid, expect a 50%-75% drop within the channel then the market shall continue with the bullish momentum, an impulsive move awaits...
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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.