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◽️ $GHX is still struggling against that key resistance after the massive rally.
Cleaned the chart a bit to make it more relevant to my rationale. The orange key resistance is an important resistance level now; think of it as the that yellow bull flip we had as resistance before.
Although I’m not doubtful of any flipping to with all the EMAs now acting as support to price; I don’t mind a little ranging below it for few more days as HTF EMAs catch up to candles, by next week max.
We are definitely taking that out and more resistance levels next as the new trend that had emerged few weeks ago dictates itself.