49.5 - looking for a reaction

49.5 previously sat as resistance for a duration and finally broke up into the 50's ! After that, it then flipped to support .
Because of this, I'm going to try stack short positions at this level or within a $200 range depending on the strength of the reaction.

Comment:

This brings us back to the trend line id like to see retested this week before we spring to the moon. One scenario I wouldn't like to see for a bullish return would be a failure of this trend line due to its support since the 20th of July !

Therefore maintaining this trend line on the 4h-8h is vital however some wicks on the 15m won't cause too much problem.

Comment:

The main confluence I have for this would be previous highs, seen here on the 4h chart and additionally. This channel also brings us to the moon so I believe another bullish retest of the trend line would be good .