AJ Short Idea
Higher timeframe price action has remained in a bearish trend and is currently at a key resistance zone/monthly level
From the current zone we may start to see some bearish confirmations coming off the 75.000 area which is also a daily 78.6% fib level, 200 ema area, key resistance zone
We will look to target back toward our weekly support around 70.000 if we see enough confirmation in the next couple days
Higher timeframe price action has remained in a bearish trend and is currently at a key resistance zone/monthly level
From the current zone we may start to see some bearish confirmations coming off the 75.000 area which is also a daily 78.6% fib level, 200 ema area, key resistance zone
We will look to target back toward our weekly support around 70.000 if we see enough confirmation in the next couple days
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Disclaimer
The information and publications are not meant to be, and do not constitute, financial, investment, trading, or other types of advice or recommendations supplied or endorsed by TradingView. Read more in the Terms of Use.