Price is under the 50 SMA → downtrend, sellers in control.
62.5–63 is strong resistance → every bounce gets rejected.
Lower highs & lower lows → bearish structure.
Red candles have stronger volume → sellers dominate.
Weak bounce after liquidity sweep → no real reversal.
Risk-reward favors downside → more room to fall than rise.
62.5–63 is strong resistance → every bounce gets rejected.
Lower highs & lower lows → bearish structure.
Red candles have stronger volume → sellers dominate.
Weak bounce after liquidity sweep → no real reversal.
Risk-reward favors downside → more room to fall than rise.
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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.