👩🏽💻Technical: Bearish pressure is indicated by daily price action trending below MAs and strong candlestick rejection of the monthly TF. On the 4-hour, the price is currently moving into a channel, making it more than likely to re-test the 4-hour downtrend before continuing to trend down.
🎯 For an ideal entry: Wait for the price to break the lower channel trendline, then, push > exhaustion to confirm the bearish bias. Otherwise, no break, no entry.
🎯 For an ideal entry: Wait for the price to break the lower channel trendline, then, push > exhaustion to confirm the bearish bias. Otherwise, no break, no entry.
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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.