Descending channel

٣٠ أكتوبر ٢٠٢١

Hi traders,

According to the TA, you see a descending channel. In my opinion, there is a high possibility to bounce back from green area and then make a squeeze move and finally, will be breakout.

Happy to hear your comments and thoughts !

Stay safe

١ نوفمبر ٢٠٢١

ملاحظة

The prices move as expected. However, I strongly believe that if it goes to ATH, there will be long hunt. So before taking a LONG position, check out the LONG/SHORT ratio from relevant sites. If that happens, I expect a wick that touches 58,000.