We've hit a major resistance level and are consolidating in price action after this recent pump.
Our momentum indicators, MACD and TSI are consolidating and showing we're potentially going to reverse.
we've broken above the KC and will enter again to find support and retest local resistance.
Our 1-day chart shows overvalued at levels we haven't seen across the board since our last capitulation event (-20% in 1 day).
This is a scalp position I will potentially add onto over time.
Our momentum indicators, MACD and TSI are consolidating and showing we're potentially going to reverse.
we've broken above the KC and will enter again to find support and retest local resistance.
Our 1-day chart shows overvalued at levels we haven't seen across the board since our last capitulation event (-20% in 1 day).
This is a scalp position I will potentially add onto over time.
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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.