Can we long now?
Bulls are hitting hard today, but I don't think it's a swimming weather yet.
I can proudly say my yellow trend line has worked! Holy 15% profit!
To answer the question of is this correction over, we need to see a candle above the resistance line in daily chart.
The bullish descending channel is broken upward, but there is a strong resistance where the price stands right now.
People who bought at the yellow line may consider taking some profit.
If it breaks the resistance clearly, we may consider the new long positions again.
Stay calm, stay sharp and stick to your own strategy!
Happy Trading! ☺️✌️😊
What do you think? Any comment? 👇👇👇
I can proudly say my yellow trend line has worked! Holy 15% profit!
To answer the question of is this correction over, we need to see a candle above the resistance line in daily chart.
The bullish descending channel is broken upward, but there is a strong resistance where the price stands right now.
People who bought at the yellow line may consider taking some profit.
If it breaks the resistance clearly, we may consider the new long positions again.
Stay calm, stay sharp and stick to your own strategy!
Happy Trading! ☺️✌️😊
What do you think? Any comment? 👇👇👇
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