After grinding sideways forever, we just got a massive volume injection that pushed us straight to 0.0058. The rejection there was expected, but look at the current candle. It’s trying to hold the 0.0056 level as new support. If we can consolidate here for a few hours without losing 0.0052, the next leg up is going to be violent. There’s almost no resistance left on the higher timeframes once we clear that local top. I'm keeping a close eye on the volume bars. If they start tapering off, I'm out, but for now, the momentum feels real.
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$GPS is finally doing that thing again.
After grinding sideways forever, we just got a massive volume injection that pushed us straight to 0.0058. The rejection there was expected, but look at the current candle. It’s trying to hold the 0.0056 level as new support.
If we can consolidate here for a few hours without losing 0.0052, the next leg up is going to be violent. There’s almost no resistance left on the higher timeframes once we clear that local top.
I'm keeping a close eye on the volume bars. If they start tapering off, I'm out, but for now, the momentum feels real.
#JoinGrowthPointsDrawToWinGoldenBar