I'm looking to sell in a specific area, which I'll call Sell Zone 2. This area is important because it aligns with a resistance level where prices have struggled before. I believe there might be a "double top" pattern forming, which could indicate a good time to sell.
To support this idea, I'm also watching for something called "bearish divergence." This happens when a technical indicator shows that prices might be getting weaker, even though they're still going up. It's like a warning sign that a reversal could be coming.
Finally, I'm using something called Fibonacci retracement to find the best spot to sell. This tool helps identify key levels where prices might change direction based on certain ratios.
So, I'm combining these methods to find a strong selling opportunity. But remember, trading involves risks, so it's important to be cautious and consider all factors before making a decision.
To support this idea, I'm also watching for something called "bearish divergence." This happens when a technical indicator shows that prices might be getting weaker, even though they're still going up. It's like a warning sign that a reversal could be coming.
Finally, I'm using something called Fibonacci retracement to find the best spot to sell. This tool helps identify key levels where prices might change direction based on certain ratios.
So, I'm combining these methods to find a strong selling opportunity. But remember, trading involves risks, so it's important to be cautious and consider all factors before making a decision.