The dump phase may continue if support at 2.0433 is broken, which could happen either during a smooth consolidation and compression to the level or after a short squeeze of resistance at 2.11.
Volumes are declining after the pump, and buyers are hesitant about further actions, especially ahead of the news. Bullish surges are being sharply sold off... A close below 2.0433 could signal a decline to 2.0 - 1.916.
Scenario: all attention is on the current consolidation. A false breakout could give a more interesting signal to sell in terms of a profitable entry into the trade. But if there is no local momentum, then we can expect a breakout of support at 2.0433
Volumes are declining after the pump, and buyers are hesitant about further actions, especially ahead of the news. Bullish surges are being sharply sold off... A close below 2.0433 could signal a decline to 2.0 - 1.916.
Scenario: all attention is on the current consolidation. A false breakout could give a more interesting signal to sell in terms of a profitable entry into the trade. But if there is no local momentum, then we can expect a breakout of support at 2.0433
❤️ Telegram channel: t.me/AndeWave
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.
❤️ Telegram channel: t.me/AndeWave
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.