This long red candle in this position tells me it is an emotional move, and the price hasn't enough momentum to continue the downtrend. In addition, we have lower lows on price and higher lows on the RSI; yes, we have divergence on RSI.
So don't rush to open a sell position.
In my opinion, the price trend will reverse and go up. The first target is $44.5K.
So don't rush to open a sell position.
In my opinion, the price trend will reverse and go up. The first target is $44.5K.
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