Current market conditions with Bitcoin having a major short play pulling all alt coins with it, and central banks news coming out this weekend which tends to be even more bearish. The $1.90 support level has already been touched twice, which will lead to less liquidity and demand at that level, therefore if that level does not hold, then price will have to fill in the imbalance of the big green candle below it, causing the bearish movement to stop around $1.50.
Note
Added onto the short position at $2.15Note
Closed at $2.08, bias seems to have flipped.Note
Should of held on! Gradually still falling!
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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.