Reasons:
- Bearish channel/trendline is breaking. Although, it needs more time to be confirmed and a pullback is always probable.
- There is a mild divergence between RSI and price, which needs to be confirmed
- Price is crossing up EMA 20
Stop is large for a short-term position. Adjust the capital in respect
* This is only how we interpret the market
- Bearish channel/trendline is breaking. Although, it needs more time to be confirmed and a pullback is always probable.
- There is a mild divergence between RSI and price, which needs to be confirmed
- Price is crossing up EMA 20
Stop is large for a short-term position. Adjust the capital in respect
* This is only how we interpret the market
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.
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.