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Chart is self-explanatory. wait 1-2 candlestick for confirmation: close below 20 SMA.
Price is chocked in a descending triangle, after a downtrend. Chances are, price will break support and proceed downward, till target.
Risky trade. Bet that the trend will reverse. I see a double top, a strong support, a previous little downtrend. There are also news coming on the way...
Please monitor the reversal of previous trend.
Typo in the graphic!!! SELL instead of buy
Buy following the uptrend. Price is crossing the 20MA. Previous support is bacwards 2 periods, might have lost its strength. Price can easily reach previous peak. Monitor to see if uptrend can break even that level.
If there will be a MAs crossover, buy on breakout of a previous important price level. It will act as support for next bullish wave.
Probably price will bounce on a resistance, possibly touching the 20 SMA. Good place to start a short position