The price could not break the resistance since the mid of December 2024, but when it failed, it was a fake breakout. Our marked trendline also seems weak now as it is already broken. By applying the "alligator" indicator, which is also indicating the bearish trend we can place instant sell order and our stop loss will be above the blue line which has also been marked on the chart. If u want more confirmation u can alos place sell stop order on "1.12948".
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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.