Price is testing the support level of the bullish channel. With volatility being so now right now, price is bound for a big move soon.
Trade Step-ups:
Scenario One (Bearish Reversal): Price test key resistance level, rejects a bullish breakout. Look to short above 7000.
Scenario Two (Bullish Breakout): Price manages to break key resistance and consolidate above 7000. Look for a pullback for a long entry.
Trade Step-ups:
Scenario One (Bearish Reversal): Price test key resistance level, rejects a bullish breakout. Look to short above 7000.
Scenario Two (Bullish Breakout): Price manages to break key resistance and consolidate above 7000. Look for a pullback for a long entry.