Currently, if market closes another bearish engulfing on 1H could mean a rejection at the current resistance and see some sellers entering the market,
But Market momentum is quite massive on all Higher Time Frames (WEEKLY, DAILY, 4H) so i don't think anytime soon market could find any massive bearish move.
Expect a move from HH to HL based on market current situation on both 4H and 1H going under 29k, then finding a support zone and another push toward breaking 30K.
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But Market momentum is quite massive on all Higher Time Frames (WEEKLY, DAILY, 4H) so i don't think anytime soon market could find any massive bearish move.
Expect a move from HH to HL based on market current situation on both 4H and 1H going under 29k, then finding a support zone and another push toward breaking 30K.
Follow us for more ideas and Setups.
