Bulls currently have a bit of an upper hand in the pattern with the strength we see off each new support found.
The range is tight enough that we can be looking for a break within the next 12 hours or so.
The most important thing to see if we do break bull, will be continuation on the hourly or 4 hour time frame after the break occurs and we see the initial consolidation.
Currently still in about half my LTC swing and slowly scaling out/ moving up stops.
There have been some decent flips on 5 min oversold conditions during that bull run.
Remember, buying bull breaks are higher risk in this market. I protect myself by quickly scaling out some position into profit to allow me to lower my break even price.
Other bulls are buying consolidation and using 4 hour higher lows as stops.
The range is tight enough that we can be looking for a break within the next 12 hours or so.
The most important thing to see if we do break bull, will be continuation on the hourly or 4 hour time frame after the break occurs and we see the initial consolidation.
Currently still in about half my LTC swing and slowly scaling out/ moving up stops.
There have been some decent flips on 5 min oversold conditions during that bull run.
Remember, buying bull breaks are higher risk in this market. I protect myself by quickly scaling out some position into profit to allow me to lower my break even price.
Other bulls are buying consolidation and using 4 hour higher lows as stops.
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