Price is testing the broken flag support. There is too much bearish pressure for a comeback. It may try go to higher but I think the sellers are just waiting to add to their positions if it happens. I just opened a short position, if it goes up I'll add another short. It may take a few more days to drop when it falls it does it very fast.
Trade active
Just added heavily. If goes up I'll add even more and more. It failed to test the broken support. We have a triple top, bearish flag, broken support. Very unlikely to come back.Note
Looks like is starting to shape out a bearish flag, I just added more.Note
Well, price is testing the broken support. I expect a rejection. If that happens I'll add more:Note
Why wait?Trade active
Went higher than expected but is failing to test the resistance area. Good time to add:
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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.