The downward trend continues. Sell on a rebound to the 4330–4350
After previously fluctuating at low levels, the market experienced a sharp decline; last Friday, driven by the Non-Farm Payrolls data, bears regained control, causing the price to plummet and break through key levels.
During early Asian trading on Monday, the price staged a modest rebound to around 4353 before retreating, continuing its extremely weak trend. It broke below the 4300 support level as market panic persisted.
The price has since touched a low near 4268. The overall trend is downward, having breached critical support; a one-sided bearish trend is confirmed. Bearish momentum remains strong, and the price continues to face downward pressure in the short term.
Short-term trading strategy: Initiate short positions in stages within the 4330–4350 range. Target levels below 4300; hold positions if the level breaks, and monitor the area around 4250.
During early Asian trading on Monday, the price staged a modest rebound to around 4353 before retreating, continuing its extremely weak trend. It broke below the 4300 support level as market panic persisted.
The price has since touched a low near 4268. The overall trend is downward, having breached critical support; a one-sided bearish trend is confirmed. Bearish momentum remains strong, and the price continues to face downward pressure in the short term.
Short-term trading strategy: Initiate short positions in stages within the 4330–4350 range. Target levels below 4300; hold positions if the level breaks, and monitor the area around 4250.
Transaction en cours
The price has reached the target zone for our short-selling strategy; please execute the strategy immediately.Trade fermée: cible de profit atteinte
Prices continue to pull back; for those executing short-selling strategies, please monitor whether the 4300 support level is successfully reached and broken.
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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.