As expected, we had a little bit of a boost but it was was harshly rejected and price was sent down to its current level. We will need to see some bulls show up to the party or we may be in for a long ride. Pivots are very relevant right night. We need to push through this blue pivot in order to enter bullish territory. I'd really like to see a close above the descending red line today. We printed an ugly shooting star candle stick on the 12 hr chart, would like to see a more neutral/bullish candle appear.
I wouldn't recommend any trades right now until we exit one to one of the zones noted. If anything, move into coin or cash and use a SL depending on the direction to re-enter coin or exit in case we go north or south.
I wouldn't recommend any trades right now until we exit one to one of the zones noted. If anything, move into coin or cash and use a SL depending on the direction to re-enter coin or exit in case we go north or south.