The price is approaching a key resistance zone (red), where we could see sellers step in and push the price lower. However, we need confirmation before considering a short trade.
✅ What I’m looking for:
Clear rejection signals at the resistance (e.g., bearish candlesticks, high selling volume). Strong confirmation that sellers are back in control. 🚨 Plan: Patience is key. Wait for confirmation before entering a short position to avoid unnecessary risk.
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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.