Salaam
Today we see some bounce.
But the market arrives at resistance and in many coins, we see rising wedge or descending trend lines that could trigger leg down.
it could be only a correction for the bounce but regarding fear, in the market, it could hit local bottom if don't go lower.
So be cautious with your trades.
Waiting for the market to break resistance and enter in retest is a good idea that reduces the risk sharply!
Good luck,
Today we see some bounce.
But the market arrives at resistance and in many coins, we see rising wedge or descending trend lines that could trigger leg down.
it could be only a correction for the bounce but regarding fear, in the market, it could hit local bottom if don't go lower.
So be cautious with your trades.
Waiting for the market to break resistance and enter in retest is a good idea that reduces the risk sharply!
Good luck,
Note
After going below 5c, the market didn't bounce as expected and it show more weakness.So I expect to go lower.
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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.