This idea is in accordance with the Price slipping out of the cloud but closes below it and with strong downwards trends over a few months, price has retraced to the golden ratio zone so it may be a good opportunity to sell right now after confirmation of a downwards trend due to this price being a key level. Hence it could be a potential short position, I'm not in the trade but this is a likely outcome from the technicals and fundamentals
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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.