A quick one :
We start with a good monthly closure, the current movement on the daily is a range of cumulation and hit stops only, do not look for opportunities for quick profit now because you will find only quick loss ...
The current area starting from strong support is $44400 to strong resistance at $53600, between this area does not mean anything
Breakthrough Resistance (Up Area) = Rise 🟢
Break support (Down area) = Drop 🔴
So, to say a real breakout or penetration we must see it for at least two days.
We start with a good monthly closure, the current movement on the daily is a range of cumulation and hit stops only, do not look for opportunities for quick profit now because you will find only quick loss ...
The current area starting from strong support is $44400 to strong resistance at $53600, between this area does not mean anything
Breakthrough Resistance (Up Area) = Rise 🟢
Break support (Down area) = Drop 🔴
So, to say a real breakout or penetration we must see it for at least two days.