Link on the 1H time frame is looking weak after making the EMA bearish cross. We can see this EMA cluster area is acting as a local resistance.
If we can close above the 20 & 50 EMA levels it is possible to see trend resistance (dotted black line).
Closure above 1st deviation (purple) will lead us to possibly test the 2nd deviation (green line).
Strong rejection from 50 EMA area will indicate a possible trend down to 1st deviation support.
Red zone marks a critical support cluster.
Scam wick on DEC 23 was most likely exchange SL and liquidation hunts.
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If we can close above the 20 & 50 EMA levels it is possible to see trend resistance (dotted black line).
Closure above 1st deviation (purple) will lead us to possibly test the 2nd deviation (green line).
Strong rejection from 50 EMA area will indicate a possible trend down to 1st deviation support.
Red zone marks a critical support cluster.
Scam wick on DEC 23 was most likely exchange SL and liquidation hunts.
Get Full Trade Setup!
👇
