I feel if we can see a candle close below the previous support we could see a further drop to point C which is the next strong structure support, it will also take us into the oversold area of the RSI.
From here once I have confiramtion I will look to go long to point D of the Cypher
From here once I have confiramtion I will look to go long to point D of the Cypher
Note
So we had a candle come down and touch a couple of times point C I feel we will see a rise now unto point D
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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.