I am bearish unless we break the green resistance line which aligns perfectly with the 4 hour 200MA. here due to an ascending channel + a bear flag pattern, anyone with a tight SL it stopped out and degen traders shorting with high leverage are liquidated.
If you noticed the price decline in market starting happening much prior the announcement around 4-5 days ago which everyone was expecting a heavier drop but instead we have got a little pump, is this pump sustainable?
IMO No, this was to liquidate shorts!
If you noticed the price decline in market starting happening much prior the announcement around 4-5 days ago which everyone was expecting a heavier drop but instead we have got a little pump, is this pump sustainable?
IMO No, this was to liquidate shorts!
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