A bearish Bar-to-Bar divergence has been identified, signaling a potential loss of momentum. However, the current price resides above the 50% moving line and above the Lower 50% line. Additionally, an upward bend has been observed in the 'Predict Beta' indicator, hinting at possible bullish pressure.
My strategy entails waiting for the price to breach the short signal level at 0.52980 before initiating a short order. Alternatively, the price may need to rebound and face rejection at the resistance level before executing the short order.
/please DYOR/trade at your own risk
My strategy entails waiting for the price to breach the short signal level at 0.52980 before initiating a short order. Alternatively, the price may need to rebound and face rejection at the resistance level before executing the short order.
/please DYOR/trade at your own risk