A strong resistance of $1.5 formed on the coin, which was stabbed and fixed below. Also, increased volumes came out in the resistance zone, which means that the instrument is in the distribution phase. Trading volumes have fallen. At the moment, the instrument is being pressed to the local support line behind which the stops of market participants are located. It is possible to roll back to the resistance line again and with further trading.
We expect a breakdown of the local support level with the next approach. Open positions with high activity before the breakdown and at the time of the breakdown of the $1.45 level
We expect a breakdown of the local support level with the next approach. Open positions with high activity before the breakdown and at the time of the breakdown of the $1.45 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.
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.