Watch out bears!
A surprise breakout to the upside might happen in the next few hours. If it does expect the short squeeze to be violent
Contra indications:
A surprise breakdown of the lower trendline will signal more selling
- Bullish divergence on RSI
- Sellers tiring of selling
- Inverse H&S on hourly pattern
- Double bottom / wedge on hourly pattern
A surprise breakout to the upside might happen in the next few hours. If it does expect the short squeeze to be violent
Contra indications:
- Buyers are weary of getting pwned
- Market is still (currently) decidedly bearish
A surprise breakdown of the lower trendline will signal more selling
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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.
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.