Okay so we are in an interesting area. Volume dropping, open interest down and we have price action increasing. We tested the resistance area and failed and today we are retesting and currently broke through but we have 3 hour roughly to evaluate the daily candle close. Lets keep an eye on this.
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Low leverage, Risk management, and planning your trade including entry/exit/SL
We have free signals and free education in the world economy including crypto and traditional markets. You can check out the website in my profile information. Be safe
Comment:
Looks like we are bouncing within this range of support and resistance. We are holding above the 200 MA, however WMA shows a little different perspective. I looked back at the last 2 years we should have the resistance maybe upto the 6950 area. Lets sit tight i am currently short.
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