1000SHIB came to a strong buyer's zone, from where there were several strong reactions to increased volumes. The buyer managed to protect the zone with a sharp impulse to rebound, so we can expect a large number of stops of participants who entered the rebound and in this approach to the level. Now local lows are falling, forming a downward slope acting as a trend protection.
A short cascade has formed with clear minimums on increased volumes, which indicates the liquidity behind them. I expect proto-trading with price compression and an impulse breakdown with price consolidation and continuation of the downtrend.
A short cascade has formed with clear minimums on increased volumes, which indicates the liquidity behind them. I expect proto-trading with price compression and an impulse breakdown with price consolidation and continuation of the downtrend.
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