Potential Sell Setup on Breakdown from Resistance to Demand
Should the price break the lower resistance, it is probable that it will extend its downtrend momentum towards the demand level at the base. In such a scenario, we can explore opportunities to initiate a short position, possibly arising from a newly formed and influential supply zone that triggers the breakdown.
The target will be the demand level at the bottom which is also a great level to open a buy position.
The target will be the demand level at the bottom which is also a great level to open a buy position.
City Traders Imperium | Funding For Traders
- Est. Since 2018.
- Up to 100% Profit Share.
- Balance Based Drawdown.
- 1-Step & 2-Step Funded Accounts.
citytradersimperium.com/
- Est. Since 2018.
- Up to 100% Profit Share.
- Balance Based Drawdown.
- 1-Step & 2-Step Funded Accounts.
citytradersimperium.com/
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.