Looks like the Bulls may have some trouble in paradise coming their way real soon.
The 1W Supply Range the Bears left behind is sitting firm and confident, with the Macro VAL right there as backup, adding even more pressure to the zone.
With a wall like that, the Bulls are going to need all the strength they can get to push through this obstacle, and it is not going to be easy.
This is the kind of level where momentum gets tested and patience runs thin.
We may even see price range in this zone for a cool minute before anything meaningful happens.
Either the Bulls break through with strength, or the Bears step in and send it right back down.
The 1W Supply Range the Bears left behind is sitting firm and confident, with the Macro VAL right there as backup, adding even more pressure to the zone.
With a wall like that, the Bulls are going to need all the strength they can get to push through this obstacle, and it is not going to be easy.
This is the kind of level where momentum gets tested and patience runs thin.
We may even see price range in this zone for a cool minute before anything meaningful happens.
Either the Bulls break through with strength, or the Bears step in and send it right back down.
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
Disclaimer
The information and publications are not meant to be, and do not constitute, financial, investment, trading, or other types of advice or recommendations supplied or endorsed by TradingView. Read more in the Terms of Use.
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
Disclaimer
The information and publications are not meant to be, and do not constitute, financial, investment, trading, or other types of advice or recommendations supplied or endorsed by TradingView. Read more in the Terms of Use.