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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Informasi dan publikasi ini tidak dimaksudkan, dan bukan merupakan, saran atau rekomendasi keuangan, investasi, trading, atau jenis lainnya yang diberikan atau didukung oleh TradingView. Baca selengkapnya di Ketentuan Penggunaan.