View UT 30 min (Short term) - Range zone for some time ...
Scenario 1 - in spite of yesterday's consolidation, the trend looks still bullish, so MRIN may go up some more. Volumes growth are key.
short term, it appears risky to go for a short. - Watch out volumes trend - if volumes are up around July 6th, prices may then exceed $20.
Scenario 2 - Beware still to trade with a stop (green zone = support), the trend up was so strong that a deeper consolidation may happen
to close the gap back to 7/9 USD.
I bet on SC1, what about you ?
Scenario 1 - in spite of yesterday's consolidation, the trend looks still bullish, so MRIN may go up some more. Volumes growth are key.
short term, it appears risky to go for a short. - Watch out volumes trend - if volumes are up around July 6th, prices may then exceed $20.
Scenario 2 - Beware still to trade with a stop (green zone = support), the trend up was so strong that a deeper consolidation may happen
to close the gap back to 7/9 USD.
I bet on SC1, what about you ?
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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.