CHILIZ bouncing support ? 1 hour chart
Folks,
We back at it again.. You know tuning the charts is what makes me happy and i love doing it..
I am here with a carefree state of mind.. so nothing on the chart can cause me to feel fear or euphoria..
I am totally open for what the market perspective is offering me.. There is only 1 truth and I really mean 1 truth in trading... that is how you feel.. because how you feel determines what you believe and believe me you trade your beliefs..
Be careful..
In my eyes bouncing of this support line is A HIGH PROBABILITY.. if we scroll back in the past you can see the importance of this resistance becoming support line..
As a resistance line it has been tested several times and when it became a support line it has been broken once and got retested and stood the test afterwards..
We are here testing again..
The 1 one that sets me positive is when you scroll down to the recent price action, candlesticks, you see long wicks from under to top..
That means bulls reject lower prices.. (at moment of writing)
Are we going to see a accumulation to break upside??? wait for confirmation for prices CLOSING higher than 0.31 (aggresive traders)
We back at it again.. You know tuning the charts is what makes me happy and i love doing it..
I am here with a carefree state of mind.. so nothing on the chart can cause me to feel fear or euphoria..
I am totally open for what the market perspective is offering me.. There is only 1 truth and I really mean 1 truth in trading... that is how you feel.. because how you feel determines what you believe and believe me you trade your beliefs..
Be careful..
In my eyes bouncing of this support line is A HIGH PROBABILITY.. if we scroll back in the past you can see the importance of this resistance becoming support line..
As a resistance line it has been tested several times and when it became a support line it has been broken once and got retested and stood the test afterwards..
We are here testing again..
The 1 one that sets me positive is when you scroll down to the recent price action, candlesticks, you see long wicks from under to top..
That means bulls reject lower prices.. (at moment of writing)
Are we going to see a accumulation to break upside??? wait for confirmation for prices CLOSING higher than 0.31 (aggresive traders)
Penafian
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