Congrats to those that moved on the original break here.
We hit the probable resistance and have since retraced slightly.
(Well played to those that took the double digit gains and protected)
The bullish nature of this support does lend itself to further continuation of this uptrend being plausible. But....
Currently a bit overbought for my liking and also a long way from even small SMA's
I'd like to see a retrace of about 5-6% before this looks more grounded but a push through our previous top may also see a move towards the next targets here over the coming days.
(A quick push rather than consolidation over the next few days may put this in potential free-fall territory)
Protect profits accordingly and don't get wrecked chasing the pump.
As always, not financial advice, just my own thoughts and TA.
Thoughts and feedback welcomed.
All the best for some profitable trades as we move into the weekend.
Bingaz
We hit the probable resistance and have since retraced slightly.
(Well played to those that took the double digit gains and protected)
The bullish nature of this support does lend itself to further continuation of this uptrend being plausible. But....
Currently a bit overbought for my liking and also a long way from even small SMA's
I'd like to see a retrace of about 5-6% before this looks more grounded but a push through our previous top may also see a move towards the next targets here over the coming days.
(A quick push rather than consolidation over the next few days may put this in potential free-fall territory)
Protect profits accordingly and don't get wrecked chasing the pump.
As always, not financial advice, just my own thoughts and TA.
Thoughts and feedback welcomed.
All the best for some profitable trades as we move into the weekend.
Bingaz
