Price rejected perfectly off the 0.5 retracement and is now filling the previous imbalance.
Yesterday's daily close was decisively bearish, confirming downside momentum.
There’s a lack of convincing reversal signals at current levels.
Plan:
Main expectation is continued downside toward the $113k support.
Not interested in longs until price stabilizes at or below that level.
Yesterday's daily close was decisively bearish, confirming downside momentum.
There’s a lack of convincing reversal signals at current levels.
Plan:
Main expectation is continued downside toward the $113k support.
Not interested in longs until price stabilizes at or below that level.
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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.
Related publications
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.