MPC - Bulls Already In Control ๐
Hello TradingView Family / Fellow Traders. This is Richard, also known as theSignalyst.
๐ According to our latest analysis, MPC rejected the $0.3 round number and subsequently broke above the last major high in red. Therefore, the bulls have already taken over.
๐ MPC is currently in a correction phase, retesting the red structure.
๐ฏ For the bulls to regain control and initiate the next upward impulse movement, leading to a continuation towards the $0.525 resistance, a break above the last minor high in orange at $0.42 is required.
๐ Always follow your trading plan regarding entry, risk management, and trade management.
Good luck!
All Strategies Are Good; If Managed Properly!
~Rich
๐ According to our latest analysis, MPC rejected the $0.3 round number and subsequently broke above the last major high in red. Therefore, the bulls have already taken over.
๐ MPC is currently in a correction phase, retesting the red structure.
๐ฏ For the bulls to regain control and initiate the next upward impulse movement, leading to a continuation towards the $0.525 resistance, a break above the last minor high in orange at $0.42 is required.
๐ Always follow your trading plan regarding entry, risk management, and trade management.
Good luck!
All Strategies Are Good; If Managed Properly!
~Rich