Well, the downtrend channel which has been tested on both sides numerous times has held us for now. This descending channel coupled with the 200 daily ma provided a great buying oppurtunity and an obvious bounce point. The question now becomes can bull fend off further attempts to breakdown price and instead hold the line and reverse us? If we can reverse in the next few days I would view the breakdown as a headfake/trap. However, if we push below the channel and below the 200daily ma..we have problems (captain obvious i know)
Anyways, all the best
Red Boar
Anyways, all the best
Red Boar
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We are still holding...hoping for something like this
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expansion incomingNote
Tik Tok can we please just pump to 16k?Note
target hit perfect on this one and still playing in the channel. great thread and hidden gem. will close this one when we finally break out
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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.