Potential continuation before further bullish momentum?
Due to the war it would seem that the market should have a reversal right about now. Price is currently in the middle of a daily support/resistance zone.
After seeing the liquidity wick going all the way to $1928 and even till $1919 on some brokers. it seems on one hand that the price may still continue downward to fill more orders.
On the other side, the price did fill the wick almost instantly, so the support is also strong around this area.
I would wait for clear upward trend before hopping into buys for the long run. If the war news (slows or talks of peace begin) settles down I would continue to look for sells. Lots of zones here so this is how I see the price roughly act at the moment.
After seeing the liquidity wick going all the way to $1928 and even till $1919 on some brokers. it seems on one hand that the price may still continue downward to fill more orders.
On the other side, the price did fill the wick almost instantly, so the support is also strong around this area.
I would wait for clear upward trend before hopping into buys for the long run. If the war news (slows or talks of peace begin) settles down I would continue to look for sells. Lots of zones here so this is how I see the price roughly act at the moment.