We could see a selling pressure at .37, where price reversed and plummeted by almost 40% impacted by the recent market drop.
If we can get some good reaction around .22 to .20 area (local support), there's a chance we retest previous support .26 to .27
However, any rejection we get at this level (.26 to .27) is a short opportunity targeting .16 to .14
If we can get some good reaction around .22 to .20 area (local support), there's a chance we retest previous support .26 to .27
However, any rejection we get at this level (.26 to .27) is a short opportunity targeting .16 to .14
Comment:
Moved exactly as anticipated, dropping to our level of interest .116
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We got that shallow bounce from .22, and price got rejected exactly from .27
Failure to hold recent low, we can see it going to .16 or even lower to .12