The market is in a downtrend. RSI, MACD, and DMI confirm the further downward movement and the strength of bears. But we have solid support at 250.00 level which could stop and reverse the falling market in the past several times. Probably this time we also will see the same price action at this support. If so, we will be able to open buy trades based on a confirmed reversal signal with stop orders below 250.00 level and the local swing low. The primary profit target should be at the downtrend line and 280.00 resistance level. If the price can break this resistance zone, we will get a trend reversal with a new buying opportunity based on the breakout signals.
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💎 Share My BEST Trades here 👉 bit.ly/wubits
📣 Get Welcome Bonuses for 1st Trade 👉 bit.ly/bonus_bybit
💎 Share My BEST Trades here 👉 bit.ly/wubits
Aviso legal
As informações e publicações não se destinam a ser, e não constituem, conselhos ou recomendações financeiras, de investimento, comerciais ou de outro tipo fornecidos ou endossados pela TradingView. Leia mais nos Termos de Uso.