Bulls 4hrs attack on a Resistance
Hello my fellow traders, my chart is very straight been looking at the diagram. The 4hrs chart is attacking the closest Resistance, which means there might be a rejection or win.
1) If there is a rejection at 42k, there will be a dump and it might be forced down twice the pump.
2) if the bull succeed the 42k resistance, there will be a continuation of the pump to 56k.
Right now: using a stop loss will be advice because the bull has try the second attempt on the R on immediate hourly Time frame which means the third is close and anything could happen soon.
1) If there is a rejection at 42k, there will be a dump and it might be forced down twice the pump.
2) if the bull succeed the 42k resistance, there will be a continuation of the pump to 56k.
Right now: using a stop loss will be advice because the bull has try the second attempt on the R on immediate hourly Time frame which means the third is close and anything could happen soon.
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Clause de non-responsabilité
Les informations et les publications ne sont pas destinées à être, et ne constituent pas, des conseils ou des recommandations en matière de finance, d'investissement, de trading ou d'autres types de conseils fournis ou approuvés par TradingView. Pour en savoir plus, consultez les Conditions d'utilisation.