Yesterday we were watching to see where the pull back would land. Another 4 hour higher low or the bears taking us back to new lows.
Bulls managed to hang on and set another 4 hour higher low which is great news. They then saw some follow through over night/early morning and finally got above the EMAs on 4 hour again.
If you zoom out to the daily, well its still not too impressive and still about $150-200 away from EMA resistance on the daily. But it is a start.
I personally did make a play here but went alt coin route. I played BNB over on Binance as it was leading the way the past couple of days compared to BTC. I entered on consolidation where it was already about 4 hour EMAs and entered seeking EMA to then hold as support. I have scaled out 25% of position and the remainder I am using 4 hour higher lows there for a stop loss just to protect capital. Attaching photo of that trade here for reference. Happy to see bulls get a little follow through and now will be patient to see if they can get some momentum rolling or if bears are just preparing to reload their shorts.
Just My 2 Sats!
