On a 1 hour chart, I have spotted a strong support zone that price didn't break through after its bearish movement for the past few days and I have also spotted a head and shoulders formation on the chart which I marked out inside the zone. Price has broken through the resistance of the descending triangle formation line towards that strong support zone.
For trade setups, I will advice you wait for price to retest the support of the descending trend line. But notwithstanding, market will MOON soon.
For trade setups, I will advice you wait for price to retest the support of the descending trend line. But notwithstanding, market will MOON soon.
