Its pretty simple here. To get bullish it need to stay above the red line and continue the trend for now. there are lots of possibility above the red line like attract more retail activity, base formation to gather volume and rally but for that it need to stay above. to invalid or complete the trend it needs a long price consolidation here or drop below monthly low.
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.