Price is at 
14K, to me it's struggling at this level, below the previous Monthly range high, all this bullish price action
does is confirm for me that
12K has turned into solid support. I will be eyeing 
13K and ideally 12K for longs
until then this imo this could be bulltrap but I could be wrong. Either way there will always be another long
opportunity but RR isn't favorable here and I see12K as a magnet zone which price will return to at some point
14K, to me it's struggling at this level, below the previous Monthly range high, all this bullish price actiondoes is confirm for me that
12K has turned into solid support. I will be eyeing 13K and ideally 12K for longsuntil then this imo this could be bulltrap but I could be wrong. Either way there will always be another long
opportunity but RR isn't favorable here and I see
12K as a magnet zone which price will return to at some pointNote
Ohhh well well while this is a strong show of strength by the bulls after the previous daily close i'm still neutral awaiting the weekly close
Note
I'm humbled by the strength of the BULLS
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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.