Confirmation of Support - Resistance Flip validates longs
Confirmation of the support level (~$32,200) flipping to resistance indicates downwards momentum in the short term.
A 4hr close underneath the support/resistance would confirm the flip, bringing the target to ~$31,000.
Longs from this point should be validated.
Comments will indicate entry price,
Expect a move to the $31,000 level within the next 12 hours.
A 4hr close underneath the support/resistance would confirm the flip, bringing the target to ~$31,000.
Longs from this point should be validated.
Comments will indicate entry price,
Expect a move to the $31,000 level within the next 12 hours.