The price touched the Resistance (Trend) at 10350.00 after a strong upwards move. The SMA 100 is acting as a strong Resistance (Yellow Circle). We are now heading back to our next Support at 8800.00, where we will possibly meet the SMA 50. With a bullish sentiment in the short-term (Golden Cross), the price might bounce from there.
Position: Short Open: 9400.00 - 9500.00 Close: 8800.00 - 9000.00
I will update this chart accordingly!
Leave a thumbs up if you like this idea and Follow me for more ideas! Feel free to support me on Patreon.
Disclaimer: Any opinions, chats, messages, news, research, analyses, prices, or other information contained in this Idea are provided as general market information for educational and entertainment purposes only