Bulls currently have a bit of an upper hand in the pattern with the strength we see off each new support found. The range is tight enough that we can be looking for a break within the next 12 hours or so. The most important thing to see if we do break bull, will be continuation on the hourly or 4 hour time frame after the break occurs and we see the initial consolidation. Currently still in about half my LTC swing and slowly scaling out/ moving up stops. There have been some decent flips on 5 min oversold conditions during that bull run. Remember, buying bull breaks are higher risk in this market. I protect myself by quickly scaling out some position into profit to allow me to lower my break even price. Other bulls are buying consolidation and using 4 hour higher lows as stops.
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The information and publications are not meant to be, and do not constitute, financial, investment, trading, or other types of advice or recommendations supplied or endorsed by TradingView. Read more in the Terms of Use.