A price action below 37.00 supports a bearish trend direction.
Increase short exposure for a break below 37.00 as well.
The target price is set at 35.00 (major support).
The stop-loss price is set at 40.00.
Breaking the confluence of the 200-day and 200-month simple moving average might trigger a cascade effect in the price.
Remains a risky trade.
Increase short exposure for a break below 37.00 as well.
The target price is set at 35.00 (major support).
The stop-loss price is set at 40.00.
Breaking the confluence of the 200-day and 200-month simple moving average might trigger a cascade effect in the price.
Remains a risky trade.