The moment of truth for the market: Are we holding steady or waiting for the "bleed"? ๐โ ๏ธ
A look at the total market cap chart (TOT on the weekly timeframe) reveals a critical situation: we're currently sitting on the main upward trend line.
Bullish scenario: A bounce from this line means the correction phase is over and we're gearing up to revisit historical highs.
Bearish scenario: If this line fails to hold (closing below it), we could see a sharp pullback towards the 1 trillion dollar levels, possibly testing deeper support zones around 600-800 billion dollars.
#TOTALMARKETCAP
#Total
#TOTAL2
#USMilitaryCarriesOutSelfDefenseStrikeOnIran
#ProSharesLaunches2xSpaceXETF
A look at the total market cap chart (TOT on the weekly timeframe) reveals a critical situation: we're currently sitting on the main upward trend line.
Bullish scenario: A bounce from this line means the correction phase is over and we're gearing up to revisit historical highs.
Bearish scenario: If this line fails to hold (closing below it), we could see a sharp pullback towards the 1 trillion dollar levels, possibly testing deeper support zones around 600-800 billion dollars.
#TOTALMARKETCAP
#Total
#TOTAL2
#USMilitaryCarriesOutSelfDefenseStrikeOnIran
#ProSharesLaunches2xSpaceXETF