MRNA : Weekly - Two Roads Ahead
The rally off the multi-year lows has been sharp and fast, but the structure leaves the door open in both directions.
Scenario 1 - Continuation:
Price reclaims range, momentum holds, and the move extends toward the next major resistance. Bulls need to defend current levels.
Scenario 2 - Rejection:
This bounce was nothing more than a relief move into supply. If price fails to hold, the path of least resistance remains down, and the weak low below becomes a magnet.
The weekly trend is still bearish. A moving average that has been declining for years is only now beginning to flatten. That's not a green light, that's a yellow one.
Watch how price reacts, not just where it goes.
Which scenario are you leaning toward? Drop it in the comments.
⚠️ Financial Disclaimer: This post is not financial advice. I am not your financial advisor, your life coach, or your legally responsible adult. Always do your own research and never trade based solely on internet commentary.
The rally off the multi-year lows has been sharp and fast, but the structure leaves the door open in both directions.
Scenario 1 - Continuation:
Price reclaims range, momentum holds, and the move extends toward the next major resistance. Bulls need to defend current levels.
Scenario 2 - Rejection:
This bounce was nothing more than a relief move into supply. If price fails to hold, the path of least resistance remains down, and the weak low below becomes a magnet.
The weekly trend is still bearish. A moving average that has been declining for years is only now beginning to flatten. That's not a green light, that's a yellow one.
Watch how price reacts, not just where it goes.
Which scenario are you leaning toward? Drop it in the comments.
⚠️ Financial Disclaimer: This post is not financial advice. I am not your financial advisor, your life coach, or your legally responsible adult. Always do your own research and never trade based solely on internet commentary.
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Penafian
Maklumat dan penerbitan adalah tidak bertujuan, dan tidak membentuk, nasihat atau cadangan kewangan, pelaburan, dagangan atau jenis lain yang diberikan atau disahkan oleh TradingView. Baca lebih dalam Terma Penggunaan.