So, we are at the bottom of the descending channel + a very strong support level. We might see one more bounce or 4H hammer candle before going up and to be honest that's the optimal play we look for. The price can actually smash this zone and if it does so, I will shift my bias and will look for pullbacks for short.
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.