Now that we zoomed in a notch the picture gets a lot clearer. The 1W Internal Demand Range is doing most of the heavy lifting right now. This is the zone that has been quietly supporting the Bulls while the noise above tries to shake confidence.
If the Bears manage to push through that 1W level and continue pressing through the remainder of the 1M Demand Range there is still work to be done. Sitting below is a fresh 1W Internal Demand Range around 49k. That level is not just decoration. It is real structure and it stands in the way of any clean or easy move down toward 30k. There is no straight shot here no matter how loud the fear gets.
And honestly it is hard to believe the Bulls would put in this much effort all week just to roll over without at least forcing a back test of the Macro Range Low. That kind of move would make sense. It would be earned. It would be part of the process. Folding here without a fight would not.
So come on Bulls. Dig a little deeper. Show the Jungle that this move has heart behind it. Show that this is more than just survival. Get on up and handle your business. The Jungle is watching.
If the Bears manage to push through that 1W level and continue pressing through the remainder of the 1M Demand Range there is still work to be done. Sitting below is a fresh 1W Internal Demand Range around 49k. That level is not just decoration. It is real structure and it stands in the way of any clean or easy move down toward 30k. There is no straight shot here no matter how loud the fear gets.
And honestly it is hard to believe the Bulls would put in this much effort all week just to roll over without at least forcing a back test of the Macro Range Low. That kind of move would make sense. It would be earned. It would be part of the process. Folding here without a fight would not.
So come on Bulls. Dig a little deeper. Show the Jungle that this move has heart behind it. Show that this is more than just survival. Get on up and handle your business. The Jungle is watching.
Red Elephant
Need More TA? The Elephant Jungle: redelephant818.substack.com/?utm_campaign=profile_chips
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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
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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
Declinazione di responsabilità
Le informazioni e le pubblicazioni non sono intese come, e non costituiscono, consulenza o raccomandazioni finanziarie, di investimento, di trading o di altro tipo fornite o approvate da TradingView. Per ulteriori informazioni, consultare i Termini di utilizzo.