Dear my friends,
I’m observing the Layer chart on larger timeframes. And when switching to the daily timeframe, my perspective becomes quite clear. With the RSI having dropped below support along with a divergence between price and RSI, I’m seeing two support zones that the Layer price might return to: $1.18 or $1.09. I’ll short here and wait for the price to move to these two zones before making my next decision.
Best Regards,
I’m observing the Layer chart on larger timeframes. And when switching to the daily timeframe, my perspective becomes quite clear. With the RSI having dropped below support along with a divergence between price and RSI, I’m seeing two support zones that the Layer price might return to: $1.18 or $1.09. I’ll short here and wait for the price to move to these two zones before making my next decision.
Best Regards,
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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.