Building Momentum until we break the floor from under us - $450
Who is buying this up now ?
Maybe some long term investors on spot and day traders going for scalps but as for the general sentiment it is fucked! We will need time to recover , longer than most people may want.
If we managed to get through this purple line on top of us we can see a short lived bounce that will give us the momentum we need to see us crush the floor from under us ( orange line ) from there we can go on to test local lows.
Maybe some long term investors on spot and day traders going for scalps but as for the general sentiment it is fucked! We will need time to recover , longer than most people may want.
If we managed to get through this purple line on top of us we can see a short lived bounce that will give us the momentum we need to see us crush the floor from under us ( orange line ) from there we can go on to test local lows.
Rejected