Looks like price is near a support zone dating back to around late April 2024 where the "throw up" emoji is. After the bearish volume spike on 1/29/25 happened, price shot down strong and since then seems to be widening its stance. From March 13th - April 9th bearish volume slowly increased but not with the same authority that happened in January. Bearish volume seems to be simmering down since the 9th and i want to see if we get some consolidation before a test of the nearby daily target zone.
If price continues to shift down and another trade opportunity presents itself, I'll take another look and reassess.
If price continues to shift down and another trade opportunity presents itself, I'll take another look and reassess.
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.