Hello TradingView Family / Fellow Traders. This is Richard, also known as theSignalyst.
๐ฆ After finding support around the $0.5 round number, MPC has been hovering within a narrow range.
๐ As long as the $0.5 support holds, we anticipate a movement towards the upper bound of the range at $0.7, which would also be a strong supply zone.
๐นFor the bulls to confirm medium-term control, a break above the red trendline is needed.
๐ Always follow your trading plan regarding entry, risk management, and trade management.
Good luck!
All Strategies Are Good; If Managed Properly!
~Rich
๐ฆ After finding support around the $0.5 round number, MPC has been hovering within a narrow range.
๐ As long as the $0.5 support holds, we anticipate a movement towards the upper bound of the range at $0.7, which would also be a strong supply zone.
๐นFor the bulls to confirm medium-term control, a break above the red trendline is needed.
๐ Always follow your trading plan regarding entry, risk management, and trade management.
Good luck!
All Strategies Are Good; If Managed Properly!
~Rich