What food and drink are we having, everyone?
Quick update for the post this morning, afraid you all might fomo.
💥 H4 has not shown a bullish divergence yet, and the recent candles on the smaller timeframe show weak volume, funding, and OI are currently not reliable for a clean price recovery.
--> setup similar to a Long trap. Oil is also high, so it's easy to fake a breakout in the resistance/support area of 68-68.5. Please be cautious.
💥 Don't fomo when the price is close to resistance/support. The price could drop down again, tightening liquidity. If it doesn't break above 68, it could easily form a bear flag reversal.
💥 Nearby support: 66.8-66.2 + old range, okay everyone?
💥 Stay disciplined, don't fomo, don't go all-in, always have risk management in place. The market is very fierce.
💥 Personal opinion, not investment advice!
--- Love all ---


