Bulls 4hrs attack on a Resistance
Hello my fellow traders, my chart is very straight been looking at the diagram. The 4hrs chart is attacking the closest Resistance, which means there might be a rejection or win.
1) If there is a rejection at 42k, there will be a dump and it might be forced down twice the pump.
2) if the bull succeed the 42k resistance, there will be a continuation of the pump to 56k.
Right now: using a stop loss will be advice because the bull has try the second attempt on the R on immediate hourly Time frame which means the third is close and anything could happen soon.
1) If there is a rejection at 42k, there will be a dump and it might be forced down twice the pump.
2) if the bull succeed the 42k resistance, there will be a continuation of the pump to 56k.
Right now: using a stop loss will be advice because the bull has try the second attempt on the R on immediate hourly Time frame which means the third is close and anything could happen soon.
Penafian
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