If the rest of the market catches support, this thing will rocket. If we keep dropping market wide, well....I would just short a retest of this first support/flip resistance zone.
Heading higher? Watch out for a wick through all-time highs with a major flush back down.
Heading higher? Watch out for a wick through all-time highs with a major flush back down.
Note
I entered long after the 4 hour candle wicked back up 2.089. Up 40% now. in a V shape recovery so far. Looking for some consolidation around 3. OR, if this is a true V shape play, it'll by tapping highs soon with a breakout.Note
We are currently seeing a 3rd test of this 2.08 level. Buyers still interested here. Markets reaction from a news even today will give us a good idea if its going to stay up.Note
Alright now we've just had a 20% candle off this 2.08 support level. and a broader market rally to boost it. Im keeping an eye on 3.265 now.
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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.