How long will the 225$ hold
Updated
Bear flag + decreasing volumes.
The low RSI on the 4h timeframe is somehow blocking another drop for now. Once the RSI coma back to a more neutral level I expect another break down.
The low RSI on the 4h timeframe is somehow blocking another drop for now. Once the RSI coma back to a more neutral level I expect another break down.
Note
Although I am still very bearish right now I temporarily closed my short position because:- there is a small bullish divergence on the 1h and 4h timeframe,
- RSI is still very low
- I don’t like having an open position during the week-end (I feel there is too much volatility due to lower volumes)
But I will be very happy to short again if a good entry point pops up
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