Yesterday we got a clean 2.9 percent pump, a nice push that gave the Bulls some momentum and a reason to get confident
They tried to follow through today, but the Bears stepped in and flipped the script, turning the daily candle purple and slowing everything down
Now the question is simple
Is this just a healthy pullback before the Bulls step back in and take control again, or is this where the move runs out of steam
Because if this is rejection, this could be the start of a move right back down toward 59k
Right back to where this whole thing began
But the Bulls did not leave that area unprotected
They planted a 1D Order Block right above that low, a last line of defense designed to slow the Bears down and give themselves a chance to regroup
So now it all comes down to this 1D Order Block
When the time comes will this level hold and give the Bulls another shot, or does it fail and open the door for the Bears to get to the 59k low
They tried to follow through today, but the Bears stepped in and flipped the script, turning the daily candle purple and slowing everything down
Now the question is simple
Is this just a healthy pullback before the Bulls step back in and take control again, or is this where the move runs out of steam
Because if this is rejection, this could be the start of a move right back down toward 59k
Right back to where this whole thing began
But the Bulls did not leave that area unprotected
They planted a 1D Order Block right above that low, a last line of defense designed to slow the Bears down and give themselves a chance to regroup
So now it all comes down to this 1D Order Block
When the time comes will this level hold and give the Bulls another shot, or does it fail and open the door for the Bears to get to the 59k low
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
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Informacje i publikacje nie stanowią i nie powinny być traktowane jako porady finansowe, inwestycyjne, tradingowe ani jakiekolwiek inne rekomendacje dostarczane lub zatwierdzone przez TradingView. Więcej informacji znajduje się w Warunkach użytkowania.
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
Wyłączenie odpowiedzialności
Informacje i publikacje nie stanowią i nie powinny być traktowane jako porady finansowe, inwestycyjne, tradingowe ani jakiekolwiek inne rekomendacje dostarczane lub zatwierdzone przez TradingView. Więcej informacji znajduje się w Warunkach użytkowania.