We can see both 0.618 and 0.500 of Fibonacci leves of bigger trend are on the same level that created reversal point. Also, MACD and Stochastic are both showing weakness of trend and oversold SC. I recon that maybe we'll see bounce of black line at 0.022999. In that case, short at REVERSAL POINT. If not, short as soon as price goes below 0.022999. Fibonacci levels under REVERSAL POINT are profit levels.
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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.