And now... what's up :) ?
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Price spiked :)... It will be interesting to monitor the candle close :).
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As previously said, next days need to be monitored closely :)...
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Based on the candle close, now, we should wait for some consolidation before validating sell signal.
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Those who followed early signal, already booked a great profit :) ...
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Considering momentum, pullback seems very limited. So, a short setup around 5500 CNY seems right.
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Don't be fooled by current price increase that is still the previous limited pullback. See it as some kind of volume divergence :)...
Consider the Fibonacci retracement levels in regard to weak momentum/pullback.
Consider the Fibonacci retracement levels in regard to weak momentum/pullback.
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We are still within the same weak momentum :)...
But, focus on the relevant detail : the exceptional low volume !
Last time, such low volumes have been met, was in... 2013 !
But, focus on the relevant detail : the exceptional low volume !
Last time, such low volumes have been met, was in... 2013 !