The daily chart closing below the 66k mark suggests further potential downside, with expectations of a test towards 66k followed by a slight decline.
On the H4 chart, a downtrend has formed, indicating an opportunity to align with the current trend by waiting for a price sweep IDM before considering opening short positions.
During the ongoing downward correction, it's advisable to look for shorting opportunities in line with the bearish trend.
On the H4 chart, a downtrend has formed, indicating an opportunity to align with the current trend by waiting for a price sweep IDM before considering opening short positions.
During the ongoing downward correction, it's advisable to look for shorting opportunities in line with the bearish trend.
Note
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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.