The Bulls already caught a nice bounce off this 2H Order Block, but there was one big problem.
They failed to break the high.
Now price is right back where it started, and the Bulls are hoping this 2H Order Block can give them the same lift it gave them before.
But there is something the Bulls need to understand.
You can’t keep asking the same support to save your ass forever.
Every time the Bears come charging back into this area, the Bulls are being asked the same question.
Are you actually going to fight, or are you just delaying the inevitable?
If the Bulls can defend this Order Block again and finally put together a strong move higher, they could buy themselves some breathing room.
But if this Order Block fails, the Bears could get another opportunity to charge straight toward the Range Low, and that is the last thing the Bulls want right now.
They failed to break the high.
Now price is right back where it started, and the Bulls are hoping this 2H Order Block can give them the same lift it gave them before.
But there is something the Bulls need to understand.
You can’t keep asking the same support to save your ass forever.
Every time the Bears come charging back into this area, the Bulls are being asked the same question.
Are you actually going to fight, or are you just delaying the inevitable?
If the Bulls can defend this Order Block again and finally put together a strong move higher, they could buy themselves some breathing room.
But if this Order Block fails, the Bears could get another opportunity to charge straight toward the Range Low, and that is the last thing the Bulls want right now.
Red Elephant
Need More TA? The Elephant Jungle: redelephant818.substack.com/?utm_campaign=profile_chips
Trade On KCEX Lowest Fees: kcex.com/register?inviteCode=TV04VP
Follow On X (Twitter): x.com/RedElephant818
Need More TA? The Elephant Jungle: redelephant818.substack.com/?utm_campaign=profile_chips
Trade On KCEX Lowest Fees: kcex.com/register?inviteCode=TV04VP
Follow On X (Twitter): x.com/RedElephant818
כתב ויתור
המידע והפרסומים אינם מיועדים להיות, ואינם מהווים, ייעוץ או המלצה פיננסית, השקעתית, מסחרית או מכל סוג אחר המסופקת או מאושרת על ידי TradingView. קרא עוד ב־תנאי השימוש.
Red Elephant
Need More TA? The Elephant Jungle: redelephant818.substack.com/?utm_campaign=profile_chips
Trade On KCEX Lowest Fees: kcex.com/register?inviteCode=TV04VP
Follow On X (Twitter): x.com/RedElephant818
Need More TA? The Elephant Jungle: redelephant818.substack.com/?utm_campaign=profile_chips
Trade On KCEX Lowest Fees: kcex.com/register?inviteCode=TV04VP
Follow On X (Twitter): x.com/RedElephant818
כתב ויתור
המידע והפרסומים אינם מיועדים להיות, ואינם מהווים, ייעוץ או המלצה פיננסית, השקעתית, מסחרית או מכל סוג אחר המסופקת או מאושרת על ידי TradingView. קרא עוד ב־תנאי השימוש.