- The market direction is bearish, is in downtrend (Always trade on the direction of market)
- Volume dropping getting lower and lower
- RSI and CCI both are in downtrend
- Strong bearish candle formed after reversal confirmation
I will observer the market carefully, we need strong confirmation of uptrend before jump in and buy more. On this space i usually focus on 12hr or 1 day charts.
This is just recommendation and forecast....
Note
Be careful of bull traps on the way down... Focus on good trade then money
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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.