Hi guys,
We dont know if 38.2% is strong enough to hold in current permabear market, and I would be very careful around that level. Maybe bounce, but I dont honestly know whats going to happen. Much stronger support level is around 50%, and for a short term trade, you could consider laddering some orders around that area.
GL
We dont know if 38.2% is strong enough to hold in current permabear market, and I would be very careful around that level. Maybe bounce, but I dont honestly know whats going to happen. Much stronger support level is around 50%, and for a short term trade, you could consider laddering some orders around that area.
GL
Note
Sorry for that RSI guys, it belongs to a daily timeframe, and we can see that price didnt get a higher high, so the bearsih hidden divergence is stil valid.Note
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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.