SCAP shows strength in both in MACD as well as RSI in 1hourly format (taken due to short term fluctuations)
trendline resistance also has been broken.. 12.7-12.5 will be the next resistance zone for Bulls to be cautious of
trendline resistance also has been broken.. 12.7-12.5 will be the next resistance zone for Bulls to be cautious of
Note
SCAP got rejected at 11.9 yesterday due to heavy supply.. and fell up to 11.1and managed to close at 11.3. traders still have less risk below 11 and stop can be placed at 10.5.
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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.