Strong Downtrend , Strong Sellers around descending trendline. However , we're above Monthly Support and price can find Bulls. I'm not a seller , no matter that the trend is down. I will look for longs if we can push above Daily Lows and hold above them , maybe will wait for Daily/4h close above. If risk/reward is good , I will get in long.
Comment:
First Target , Weekly Resistance
Comment:
Sellers can come around Descending trendline and Weekly Resistance, however they can fail to push prices below Monthly Support and then we can see strong bullishness through trendline and higher. A lot of price action needed before we can see this scenario.
Trade closed: target reached:
Weekly Resistance thank you :)