We could see a selling pressure at .37, where price reversed and plummeted by almost 40% impacted by the recent market drop.
If we can get some good reaction around .22 to .20 area (local support), there's a chance we retest previous support .26 to .27
However, any rejection we get at this level (.26 to .27) is a short opportunity targeting .16 to .14
If we can get some good reaction around .22 to .20 area (local support), there's a chance we retest previous support .26 to .27
However, any rejection we get at this level (.26 to .27) is a short opportunity targeting .16 to .14
Nota
There we go! We got that shallow bounce from .22, and price got rejected exactly from .27
Failure to hold recent low, we can see it going to .16 or even lower to .12
Nota
Moved exactly as anticipated, dropping to our level of interest .116
Tealstreet.io Trade Faster & Trade Easier
Content in partnership with:
twitter.com/mooncakexbt
Content in partnership with:
twitter.com/mooncakexbt
Penafian
Maklumat dan penerbitan adalah tidak bertujuan, dan tidak membentuk, nasihat atau cadangan kewangan, pelaburan, dagangan atau jenis lain yang diberikan atau disahkan oleh TradingView. Baca lebih dalam Terma Penggunaan.
Tealstreet.io Trade Faster & Trade Easier
Content in partnership with:
twitter.com/mooncakexbt
Content in partnership with:
twitter.com/mooncakexbt
Penafian
Maklumat dan penerbitan adalah tidak bertujuan, dan tidak membentuk, nasihat atau cadangan kewangan, pelaburan, dagangan atau jenis lain yang diberikan atau disahkan oleh TradingView. Baca lebih dalam Terma Penggunaan.