Price could not even retest the breakdown at $3,500. So far it looks very bearish with no strength on any rally.
There is a potential setup of bullish RSI divergence on 4h chart. If we make a new low at $3,300 and a higher low on the RSI.
$3,300 should be a buy on the first touch.
Next support is near the lows around $3,200. Bellow that we are going to start another fast move to the low $2,000s. I don't think this will happen yet, but you prepare for all options.
Short term trade:
Buy near $3,300 support
Target 1: $3,500
Target 2: $3,575
Stop: $3,240
Good Luck!!!
There is a potential setup of bullish RSI divergence on 4h chart. If we make a new low at $3,300 and a higher low on the RSI.
$3,300 should be a buy on the first touch.
Next support is near the lows around $3,200. Bellow that we are going to start another fast move to the low $2,000s. I don't think this will happen yet, but you prepare for all options.
Short term trade:
Buy near $3,300 support
Target 1: $3,500
Target 2: $3,575
Stop: $3,240
Good Luck!!!