Price fell out of the bullish structure after a huge dump coming off of another recent lower high. So far it looks like the price respected the retest area of the raising broadening wedge, but, this asset is known to fake out traders in both directions, although, early shorts at the previous high still looks safe for a full retest of that take profit area at take profit 4, if not all the way down to take profit 5
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since the price fell out of the wedge, it has gained velocity towards the downside. it may be slowing or reversing now for a push towards the next target of 0.001$
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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.