If you look globally, the trend is still upward. But on the daytime TF. We formed a bear diver and the trading volume fell quite badly, which is not good.
At the moment We are approaching the previous trade and the trend. From the level of $ 6.45 you can take a long with a stop under the barn, $ 6277. The goal will be $ 7 - $ 7.25
But if there is no rebound on volumes from this level, then We will go to $ 6. From this level, it will be possible to take a long rebound, but it will be very short, because We will break the level of $ 6.3 and form a PP in short. And that will be a long will be from $ 6 to $ 6.3, it is only 5%.
After We form the PP in shorts, stop will be around $ 4.6-4.8 here and watch global long.
The chart below shows possible scenarios:
At the moment We are approaching the previous trade and the trend. From the level of $ 6.45 you can take a long with a stop under the barn, $ 6277. The goal will be $ 7 - $ 7.25
But if there is no rebound on volumes from this level, then We will go to $ 6. From this level, it will be possible to take a long rebound, but it will be very short, because We will break the level of $ 6.3 and form a PP in short. And that will be a long will be from $ 6 to $ 6.3, it is only 5%.
After We form the PP in shorts, stop will be around $ 4.6-4.8 here and watch global long.
The chart below shows possible scenarios:
Trade closed: stop reached
