The market has been attempting breakouts and reversals, but 80% of these attempts fail due to market inertia. Currently, the follow-through after the signal bar doesn't look good. We'll need to wait for the hourly close to determine the best course of action. Furthermore, even the best analysis must accept market uncertainty. Sound money management is key to survival.
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Disclaimer: The content above is only the author's opinion which does not represent any position of Followin, and is not intended as, and shall not be understood or construed as, investment advice from Followin.
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