3 important support
1) 30k Major support level (The break last week might be to wipe out all stop-loss before it recover)
2) Support by 61.8% Fibo level
3) 200days MA in the weekly chart act as a support around 29300-30k
Above 3 reason just to give some sign of dead cat bounce but overall still downtrend.
1) 30k Major support level (The break last week might be to wipe out all stop-loss before it recover)
2) Support by 61.8% Fibo level
3) 200days MA in the weekly chart act as a support around 29300-30k
Above 3 reason just to give some sign of dead cat bounce but overall still downtrend.
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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.