As the support at 0.7040 has been broken it is obviously became now a resistance. At the same time the descending channel has been rejected which could mean that new lows are yet to be seen. A good target area is between 0.9640 and 0.9650 where Fibs support can be seen.
Trade active
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move stop loss to break even
Comments
CryptoPAMM
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will be looking to short again at a higher price, target same
nl88
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At this price ? Wow.. what happened.
nl88
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I'm thinking of going for another short as its approaching the top of the channel again. Is it a good time to enter now ?
CryptoPAMM
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cold be good to short again, although very conservative