The coin has formed a clear local resistance level with several confirmatory touches, behind which the stops of the participants' shorts have accumulated. There is also a trend in the form of a triangle, pushing the price to the level with the help of limit buyers with a local increase in volumes. I will wait for consolidation along the level and, with increased activity in the glass, an impulse breakdown.
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.