yes this is a resistance, usually people get bullish on an SR flip. anyway, it works like this, if a line breaks and is retested successfully, then the next line gets touched, the important line need a high volume candle to make the breakout look good. good RR on short 5 minutes before weekly close this week, stay up.
Trade closed: target reached
Wtf, broke out and hit near target in one hour. Crazy crypto.Note
i know everyone on tradingview needs to be always righgt, but don't listen to arrogant fools. we are at another resistance here, stay careful.
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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.