The market, under pressure from manipulation (dollar appreciation), has entered a distribution phase. Amid high volatility, MM tested the liquidity zone. A false breakout of the 0.5843 zone has formed. Consolidation below this level will confirm the price's readiness to move lower.
The global trend is downward, and the price has barely managed to enter the 0.5843 zone. I don't think the market has the potential to go any higher. The extreme limit is 0.5863.
The global trend is downward, and the price has barely managed to enter the 0.5843 zone. I don't think the market has the potential to go any higher. The extreme limit is 0.5863.
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❤️ Telegram channel: t.me/AndeWave
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.