The horizontal support has broken and is now acting as resistance.
Price is currently retesting this level from below. As long as the price stays under this resistance zone, the market structure remains bearish and another move to the downside becomes likely.
A 6H candle close above this level would invalidate this bearish setup.
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Daily Signals:- telegram.me/thecryptorphic
My Fav BITUNIX: bitunix.com/register?vipCode=Cryptorphic
Weex $2000: bit.ly/Weex2026
TOOBIT: toobit.com/t/Cryptorphic
ELITES: bit.ly/Join_elite
My Fav BITUNIX: bitunix.com/register?vipCode=Cryptorphic
Weex $2000: bit.ly/Weex2026
TOOBIT: toobit.com/t/Cryptorphic
ELITES: bit.ly/Join_elite
Disclaimer
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.
