Short term bear trend coming into action. 1h shows a 1-2-3-4-5 wave possibly in play with another leg down creating the 4-5. Big lower wick on the 4h and daily. Green dotted lines are support and resistance levels. Green arrows represent long positions. Red arrows represent short positions. Green boxes represent take profit regions based on ema and support/resistance zones. Rsi is cooling off as prices climb down (bearish rsi divergence) = rsi will allow another leg down. 4h macd show potential bull cross + reduction in macd divergence = more likely for volatile breakout
Trade closed: stop reached:
didnt short because volume was below ma. entered long but got trail SL