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The price is moving inside a downward-sloping "channel." Because the price is consistently making lower highs and lower lows, the market is considered Overall Bearish (prices are falling).
The market is sliding down, so the plan is to wait for a temporary rally to a "high" spot before selling for the next big drop.
Don’t forget to like and share your thoughts in the comments! ❤️
The price is moving inside a downward-sloping "channel." Because the price is consistently making lower highs and lower lows, the market is considered Overall Bearish (prices are falling).
The market is sliding down, so the plan is to wait for a temporary rally to a "high" spot before selling for the next big drop.
Don’t forget to like and share your thoughts in the comments! ❤️
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Disclaimer
The information and publications are not meant to be, and do not constitute, financial, investment, trading, or other types of advice or recommendations supplied or endorsed by TradingView. Read more in the Terms of Use.
Related publications
Disclaimer
The information and publications are not meant to be, and do not constitute, financial, investment, trading, or other types of advice or recommendations supplied or endorsed by TradingView. Read more in the Terms of Use.