Long upper wicks (like inverted hammers or shooting stars)
Multiple candles failing to close above $0.21–0.215
Bearish volume spike with price stalling = aggressive sellers
Low volume stall = buyers exhausted
Dropping from above 70
Bearish divergence vs price
You can consider a short with a tight stop just above $0.215–0.22
Targets: $0.1980 → $0.1880 → $0.1780
Multiple candles failing to close above $0.21–0.215
Bearish volume spike with price stalling = aggressive sellers
Low volume stall = buyers exhausted
Dropping from above 70
Bearish divergence vs price
You can consider a short with a tight stop just above $0.215–0.22
Targets: $0.1980 → $0.1880 → $0.1780
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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.
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.