Price has fallen below the 9k support area and seems to have bounced at a lower support. Lots of traders shorted this breakout that are now trapped. Price is slowly rising back up to the initial breakout level. I am expecting a breakout of the resistance followed by a short squeeze that has big upside potential.
As of writing market is accumulating below the $9050 dollar resistance. Great time to add to your position from the inital bounce or take a long entry anticipating the short squeeze!
As of writing market is accumulating below the $9050 dollar resistance. Great time to add to your position from the inital bounce or take a long entry anticipating the short squeeze!
This all in combination could lead to a push for the 9500 level and beyond.