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☄️CoFo Scout: Sudden Surge in Bullish Signals

Analysis and Forecasts
2024-01-24 11:52:23
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☄️CoFo Scout: Sudden Surge in Bullish Signals

 

Despite bear claws, unusual spike up in long signals across local and medium-term timeframes by day's end. 

 

Abnormal uptick in signals, though bullish combined with other observations. 

 

Despite high win rate of this type of signals, don't disregard stubborn selling pressure still.

 

Traders: Be prepared & hedge bets in case snapback rally materializes. At minimum, tighten stops to lock gains.

 

For momentum seekers, some assets flirting with min strength threshold if higher frames excluded. Intriguing, but confirm before chasing.

 

While CoFo Scout signaling uptick, bears remain in control for now. Use any newfound optimism cautiously until price validates shift.

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