It Looks Like A Double Bottom But Very Likely Could Be A TrapI was looking at this earlier as a potential double bottom with bullish divergence and was looking to take a position after the sessions opened but after a few hours of waiting and letting the trading of this asset go on during the sessions i have not seen anything that would signal immediate bullishness.
I think that this "Double Bottom" Has potential to trap many bulls and instead send the price down to around $9.
The signal i will be using to enter short is once the MACD breaks the trendline and crosses bearishly i think we will see a nice move down to the $9s
