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- 4th big retest of the lower channel
- Rally towards the middle
- Strong resistance around $10.2
If we break $10.2, we could see further movement towards the top o/t channel @ $11.5. After which, we could see:
- a breakout (w/ a nice amount of volume) and a continuation towards the next resistance @ $13
- a rejection and again a move down towards the bottom of the channel
If we hold $10.2, I would be looking to short with my target just before the bottom of the channel and my SL @ $10.5
Safe trading Marines
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- 4th big retest of the lower channel
- Rally towards the middle
- Strong resistance around $10.2
If we break $10.2, we could see further movement towards the top o/t channel @ $11.5. After which, we could see:
- a breakout (w/ a nice amount of volume) and a continuation towards the next resistance @ $13
- a rejection and again a move down towards the bottom of the channel
If we hold $10.2, I would be looking to short with my target just before the bottom of the channel and my SL @ $10.5
Safe trading Marines
