Currently, we are entering a bearish market with multiple high market cap tickers dropping below key price points.
CZR is still battling with the POC (Point of Control) on the volume profile 4hr chart.
On the daily, we have an inverted hammer candle sitting on two support levels - the POC and support from previous reversals in its uptrend.
Name of the game here is to weather the storm of the market and overcome the downfall we are experiencing.
Levels I am looking at:
Entry: 102.39 (small volume area above POC)
Target: 106.44 (first area with major volume)
For now, we wait for confirmation of a reversal with increasing volume and higher highs. Patience is key.
Added to the watchlist
CZR is still battling with the POC (Point of Control) on the volume profile 4hr chart.
On the daily, we have an inverted hammer candle sitting on two support levels - the POC and support from previous reversals in its uptrend.
Name of the game here is to weather the storm of the market and overcome the downfall we are experiencing.
Levels I am looking at:
Entry: 102.39 (small volume area above POC)
Target: 106.44 (first area with major volume)
For now, we wait for confirmation of a reversal with increasing volume and higher highs. Patience is key.
Added to the watchlist