$OPEN at 0.0971.
Pumped to 0.1008. Pulled back to 0.0971.
Now sitting right below EMA(21) at 0.0977.
This looks like a fakeout.
But look at the wick - Buyers are still defending 0.0970.
If 0.0988 breaks, it will squeeze the shorts.
If 0.0951 breaks, it will trap the longs.
Which side are you on?
Pumped to 0.1008. Pulled back to 0.0971.
Now sitting right below EMA(21) at 0.0977.
This looks like a fakeout.
But look at the wick - Buyers are still defending 0.0970.
If 0.0988 breaks, it will squeeze the shorts.
If 0.0951 breaks, it will trap the longs.
Which side are you on?