As you can see the price is getting rejected by BOTH fib and Bollinger.
This Rejection might drop more than yesterday which makes today a fake breakout!
We used this breakout from yesterday to reach out Target:
Which gave us a clean profit.
But now honestly the sell volumes are going up and I don't think that we can use the upper support areas.
Don't open your long positions until we get a bounce from either one of those support areas I've shown on chart and then we can decide.
I'll keep this chart updated.
Current Market Price: $34274
Good Luck
Tell me your ideas. Like and Share!
Follow for more updates.
This Rejection might drop more than yesterday which makes today a fake breakout!
We used this breakout from yesterday to reach out Target:
Which gave us a clean profit.
But now honestly the sell volumes are going up and I don't think that we can use the upper support areas.
Don't open your long positions until we get a bounce from either one of those support areas I've shown on chart and then we can decide.
I'll keep this chart updated.
Current Market Price: $34274
Good Luck
Tell me your ideas. Like and Share!
Follow for more updates.
