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MPC - Shift In Momentum In Action 📉📈

Hello TradingView Family / Fellow Traders. This is Richard, also known as theSignalyst.

📉 MPC has been overall bearish trading within the falling channel in red.

📦 Currently, MPC is hovering within an Accumulation Phase between $0.3 round number and $0.36 major high.

📈 For the MarkUp phase to start, shifting the momentum from bearish to bullish, a break above the last major high in red at $0.36 is needed.

🎯 In such a scenario, a movement towards the $0.525 resistance would be expected.

📚 Always follow your trading plan regarding entry, risk management, and trade management.

Good luck!

All Strategies Are Good; If Managed Properly!
~Rich

TheSignalyst

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TheSignalyst