Some reasoning:
- long-term resistance lines are holding
- divergence on weekly RSI
- volume was falling yesterday
Backup plan - sell if support at 0.7037 breaks and downtrend continues
- long-term resistance lines are holding
- divergence on weekly RSI
- volume was falling yesterday
Backup plan - sell if support at 0.7037 breaks and downtrend continues
Note
I meant support at 0.7022x of course
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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.