Down?
Price has slowed down and I am expecting price to go down again but the lack of momentum tells me price can go either way at this point. If price goes down right away, I expect it to move back up where it'll face rejection. That's when I'd put my short order. If price breaks the resistance, I expect it to be a false break which would also be where I'd enter a short.
Note
It seems scenario "A" occurred so 2 things to note. Price has to go back up which means any sign of reversal at support is most likely to show a reversal. Is 5,000 strong enough of support?
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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.