After the breakdown of the zone of accumulation and the price position me in very close to the support of the $ 8.8k we can say this this movement was a purchase of long contracts. RSI marked at H4 42 points singles trend reversal and cross-over of the averages in the MACD confirms that theory. But we still fear a downward trend line as a barrier that should be broken well above the $ 9.2k. For now there is a false break.
Importantly, we are not sending short signals because as we explained our strategy is to operate in favor of the trend and not against it.
In these moments that the market begins to position itself on the side of the bulls short positions may have a greater risk.
Our personal recommendation is to make average prices in the range of $ 8.8k and $ 9.7k using cross leverage.
See you in the next. With Love 💛, Rubikators Team.
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