Price is potentially a false breakout key high, and many buyers are trapped right now, so if price starts to go lower, they will be closing their buy positions, and it provides us with a potential impulse lower.
The main sign of a lack of buyers pressure for me is the MACD divergence.
This chart is screaming on me to short it =)
The main sign of a lack of buyers pressure for me is the MACD divergence.
This chart is screaming on me to short it =)
Trade active
TP 1 HIT!
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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.