Broke out structure seems bullish momentum fade away. price may consolidate in between for for sometimes and then drop below 5k and 4k will be next.
Reasons:
1. Price broke out structure
2. 7k to 6k There's a consolidation momentum from bullish bias.
3. Swing short is on.
Reasons:
1. Price broke out structure
2. 7k to 6k There's a consolidation momentum from bullish bias.
3. Swing short is on.
Note
This isn't went well I guess. Stopped out.
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Related publications
Disclaimer
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.