Price is hovering around the oversold zone.... a potential setup for rebound if buying interest steps in. However, oversold doesn’t always mean reversal. If momentum stays weak, price may continue sliding further.
Watch for confirmation signals before acting. Oversold can stay oversold longer than expected in a strong downtrend.
Disclaimer: This is for sharing and discussion only. Not a buy/sell call. Please trade according to your own analysis and risk tolerance.
Watch for confirmation signals before acting. Oversold can stay oversold longer than expected in a strong downtrend.
Disclaimer: This is for sharing and discussion only. Not a buy/sell call. Please trade according to your own analysis and risk tolerance.
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.
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.