There's likely no retest of this trendline break as CJ finally finds a break out of the descending channel of late.
Long from Market Entry as there's chance of no retest - trade your own strategy.
TP1 @ 82.40
TP2 @ 82.60
TP3 @ 83.50
Cheers
If ALTSEASON is upon us, then $100 might be in the picture long term. For now, we have a rejection at the lower trendline. If the trendline holds, and it should, we can see price hit the $75 mark.
Buy at $63; Stop Loss at $61.
TP = $75
TP2 = $100
Purely price action.
Bear channel has no clear support level until $8000. That's the clear attraction for this phase.
Rejection of the $8000 level, with wicks to high 7000s will see price bounce to the channel trendline and, should it break, breach the $10000 region.
Long-term target of $11000.
