The price has touched a big side way channel top line area before, then break out the support line to South. Now, the price retracted back to previous support line which turned to pressure line at this moment.
The price break out the support/pressure line again to South. The Stoch RSI of 8 hours time frame is staying in over buy level, then crossed, and would start to South.
Maybe open short order and the target take profit area would be the big side way bottom line area or the long term up trend support line area on Oct 12, 2023.
There could be various movement patterns could happen in the future since it is a sideway movement in long term.
The price break out the support/pressure line again to South. The Stoch RSI of 8 hours time frame is staying in over buy level, then crossed, and would start to South.
Maybe open short order and the target take profit area would be the big side way bottom line area or the long term up trend support line area on Oct 12, 2023.
There could be various movement patterns could happen in the future since it is a sideway movement in long term.
Trade closed manually:
Close with loss. Break out the pressure line to North again.