The price has faced multiple non horizontal and horizontal resistances on multiple timeframes. And recently the price broke below the last low indicating that a shift in trend is to be expected.
The price has been strongly bullish for some time now and didn't pullback for correction yet. The price has met few resistances on higher timeframes D and 4h (horizonal and non horizontal) and broke the lower high on lower timeframes (15 and 30min). Additionally MACD showed divergence which added confluence to this idea.
Multiple triggers show that the price will trend lower
Buying opportunity emerged, the price has a high probability of bouncing back up as per the long position.
Trend sentiment has changed, the price is expected to fall.
Price action reversal, trend has changed and the sentiment is bearish
Previous high has been broken. Potential of upside continuation.
Price has broken the last previous low and now we enter short on the pullback to benefit from good risk to reward ratio. The total market cap of crypto is also showing a bearish sentiment which adds confluence and chance of hitting our take profits.
Price broke previous low and now the whole market is showing a bearish sentiment. High probability of going down again.
The overall market sentiment is still bearish and I'm waiting for a reversal but for now we may benefit from this short term trade. Put a pending order and let it trigger, trade safely and beware this is a risky one because the bitcoin dominance may lead the market to go further down. Good Luck
GST has broken previous lower high and now we can expect a pullback before rallying up maybe up to 4.3. The odds are in favour of hitting the TP. Place a pending order at 3.88 and go long for 4.3. DYOR and gd luck 🤞🏻
Wait for a pullback to 12.25 and go long. The price has a high probability of continuing in the trade direction. Good 🤞🏻
Place a pending order around 6 and wait for it to activate and go short to 4.9
The price has broken an uptrend channel and a downtrend continuation is expected!