- The price is trading below the midline of the Bollinger Bands, indicating weakness and bearish momentum.
- Recent candles show lower highs and lower lows, a classic bearish structure.
- Price has rejected the midline recently and is leaning back toward the lower band, a common setup in bearish continuations.
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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.