It appears that the bullish momentum is exhausted, and the price remains confined within the marked consolidation zone (the square). Additionally, we are observing a double top formation on the 4-hour chart, which further strengthens the bearish outlook.
This is a great opportunity to go short.
Good luck to everyone, and trade wisely! 🚀
This is a great opportunity to go short.
Good luck to everyone, and trade wisely! 🚀
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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.
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.