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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📣 Get Welcome Bonuses for 1st Trade 👉 bit.ly/bonus_bybit
💎 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
Pernyataan Penyangkalan
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.