The price had a nice reaction from the descending trendline and channel and now the market is testing the neckline of the M pattern on the previous 4h support now resistance.
The market needs to have a breakout from the 3200$ to change its trend.
How to approach? IF the price is going to have a breakout from the daily support, we could see a new bearish impulse until 270 Weekly support, According to Plancton's strategy, we can set a nice order ––––– Keep in mind.
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.