👩🏽💻Technical: Sellers are applying significant pressure on the price, as it trends below the MA's on HTF. Additionally, a daily candlestick pattern is currently forming and it appears to be a bearish engulfing candlestick. Meanwhile, on the 4-hour chart, the price is showing signs of aiming to break into a new low, further confirming a bearish bias.
🎯 For an ideal entry: To confirm your entry, it may be best to wait for a 4-hour candlestick closure. Once confirmed, you could potentially set your levels on the HTF previous bottom as a profit target.
🎯 For an ideal entry: To confirm your entry, it may be best to wait for a 4-hour candlestick closure. Once confirmed, you could potentially set your levels on the HTF previous bottom as a profit target.
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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.
Thông báo miễn trừ trách nhiệm
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.