I expect the price to continue to head south in the coming weeks and find support at 119-123 price level. Then, it would have fallen 25% from the peak and hopefully, at this support level, we can see a turnaround in the price movement.
It is also possible that prices may fall a bit further below this support level to create a bear trap before it rebounds.
No shorting just patiently awaiting for prices to come down before buying !
It is also possible that prices may fall a bit further below this support level to create a bear trap before it rebounds.
No shorting just patiently awaiting for prices to come down before buying !
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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.