This is still a neutral position. The last potential bounce was correct and went up 10% in just a couple of days.
This bounce would be heading back down to 37.5k again if it happens.
Unless the bulls start making a push through the upper channel, this is likely to drop again. However if the push comes through, the next resistance is around 45k for a nice 5%+ gain.
This bounce would be heading back down to 37.5k again if it happens.
Unless the bulls start making a push through the upper channel, this is likely to drop again. However if the push comes through, the next resistance is around 45k for a nice 5%+ gain.
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