Price has been in a clear downtrend, with sellers firmly in control, driving a series of lower lows and lower highs. However, after a strong bearish leg, momentum began to slow, candles started showing long wicks and smaller bodies, signaling that selling pressure might be fading.
If price continues upward, the $61.50 region becomes a crucial zone. A strong rejection from there would confirm that sellers are reloading for another push down.
In short, this is a Fibonacci retracement move within a broader downtrend.
If price continues upward, the $61.50 region becomes a crucial zone. A strong rejection from there would confirm that sellers are reloading for another push down.
In short, this is a Fibonacci retracement move within a broader downtrend.
تم فتح الصفقة
أغلقت الصفقة: تم الوصول للهدف
Free Telegram Signals: t.me/addlist/MLJjjTl2V-M1OTc8
👉Get 20% Deposit BONUS - bit.ly/trenddiva
👉Get 20% Deposit BONUS - bit.ly/trenddiva
إخلاء المسؤولية
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.
Free Telegram Signals: t.me/addlist/MLJjjTl2V-M1OTc8
👉Get 20% Deposit BONUS - bit.ly/trenddiva
👉Get 20% Deposit BONUS - bit.ly/trenddiva
إخلاء المسؤولية
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.