Let's Talk Supra!
We're seeing an interesting pattern with Supra (SUPRAUSDT). After an initial upward surge, we've noticed a downward trend with some pullbacks. 📉
What's the Plan?
* Trendline Test: We've identified a descending trendline on the daily chart. 📈 Keep an eye on this line - it could be a key level to watch.
* Fair Value Gap Test: We expect a test of the weekly Fair Value Gap levels. This could provide a good entry point.
* Target Zone: After the potential test, we anticipate a return to our identified target zones. 🚀
Cautious Signals:
* Trade On Indicator: Our Trade On indicator has flashed two sell signals on the daily chart. ⚠️
* Capital Outflow: We've observed a noticeable outflow of large capital. 💰
What's Next?
We're waiting for a confirmation signal from our Money Power indicator. This will tell us if major players are buying in and supporting the upward move. 💰
Like, Follow, and Comment!
We love hearing your thoughts! Share your ideas and charts in the comments below. Let's build a strong community together! 💪
Disclaimer: This is for informational purposes only and does not constitute financial advice.
Remember, trade responsibly and never risk more than you can afford to lose.