The liquidity at the low point didn't react strongly after being absorbed, and the price broke through the support zone, thus turning the support zone into a resistance zone.
Since we've continued the trend of the descending triangle, in the short term, we should first focus on the next support (S/R). Look for some bullish signals here.
Some people asked me why I don't short in a downtrend. Because no shorting signals that meet trading expectations have appeared, I have to give up. If you don't want to go long, then patiently wait for the support around 2000 before participating in long trades.
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The support around 2400 failed to hold; there was no consolidation, and no trading signals appeared.
Therefore, I will be watching the next support zone of 1800-2111.
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💎Use WolfKing's exclusive invitation code to trade and gain VIP subscription access.
🔗 BITGET 👉wolf20👇
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🔗 BYBIT 👉WOLFKING👇
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🔗 Binance 👉O3D948JZ👇
🔗 BITGET 👉wolf20👇
partner.bitget.fit/bg/wolfking20
🔗 BYBIT 👉WOLFKING👇
partner.bybit.com/b/wolfking
🔗 Binance 👉O3D948JZ👇
Publications connexes
Clause de non-responsabilité
Les informations et publications ne sont pas destinées à être, et ne constituent pas, des conseils ou recommandations financiers, d'investissement, de trading ou autres fournis ou approuvés par TradingView. Pour en savoir plus, consultez les Conditions d'utilisation.