"Hello traders, let's analyze the current market conditions. Based on our technical analysis, we've identified a potential sell zone around $3260. The price has reached a key resistance level, and indicators suggest a possible reversal.
Key factors contributing to this sell zone include:
- Resistance at $3260
- Overbought conditions on the RSI
- Bearish divergence on the MACD
If the price fails to break above $3260-$3265, it may signal a downturn, targeting $3245-$3240 as the next support level. Let's monitor the price action closely and adjust our strategies accordingly."
Comments your thoughts traders what you thinks about this setup
Key factors contributing to this sell zone include:
- Resistance at $3260
- Overbought conditions on the RSI
- Bearish divergence on the MACD
If the price fails to break above $3260-$3265, it may signal a downturn, targeting $3245-$3240 as the next support level. Let's monitor the price action closely and adjust our strategies accordingly."
Comments your thoughts traders what you thinks about this setup
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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.
Join my telegram Chanel for vip signals and trading education
t.me/forex_XTIUSD_MASTER
t.me/forex_XTIUSD_MASTER
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.