Short
MONER0/USD
On the daily timeframe market has made a strong bearish impulse breaking below support, which is now being followed by a nice correction to retest previous support as new resistance... we are waiting to see how the market reacts to this new level of structure if we see proper confirmations we will then drop down to the 4hr timeframe and wait for new bearish structure to form during this correction so a break below the previous low before looking for an entry to short to see the continuation to the downside and market to form a new lower low from a daily perspective.
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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.