A Key Support Area with Consolidation, Anticipated MOVE?
We have a Key Support Area with a clear consolidation, this key area, I usually allow the market to provide me a break out and pattern confirmation for entry, there is the possibility of price breaking above and creating a Bullish move towards 36k and 39k and there could be a break below as well. if we see a break below to 24k and 21k, we should not stay too long and exit till a clear retest and break out has been confirmed in the sell direction. I a currently neutral at this key area cos the market will determine which direction I should trade.
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