On the hourly chart, we can see a clear break in trend to the downside. At the moment, the price has reached a key volume zone at $0.51–$0.53, showing volume divergence. We are considering a short position with potential to retest and break the local low at $0.45.
This publication is not financial advice.
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The information and publications are not meant to be, and do not constitute, financial, investment, trading, or other types of advice or recommendations supplied or endorsed by TradingView. Read more in the Terms of Use.