breaking down from that blue line was a confirmation to short!
We are now hovering over the orange support line, it MUST hold, falling to do so will mean coming down to the 200MA, this move could be just to liquidate longs!
next hourly candle will give clarity!
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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.