Is PL heading down to support at 5.3?
There are two possible scenarios:
1.If the price rebounds on Monday, it will likely resume its bullish trend, signaling the end of the correction.???
2.If the price does not recover, the next support level will most likely be around 5.3–5.4.
I think it's 2. Let’s find out!
1.If the price rebounds on Monday, it will likely resume its bullish trend, signaling the end of the correction.???
2.If the price does not recover, the next support level will most likely be around 5.3–5.4.
I think it's 2. Let’s find out!
Trade active
it was number 1? end of correction? PL showed solid buying power yesterday, though nothing too special in the volume profile-
It’s still bullish. If the uptrend keeps going, 7.47 is the next resistance.
PS. volume profile i posted yesterday was too compact, that why i miss . the updated version of yesterday's volume profile as shown in this picture point out that trend is going up.
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