Hello Trading Fam! 👋
Overall trend: The market is bearish (going down) — shown by the downward channel.
Structure zone (orange): This is a resistance area where price tends to get rejected.
Recent move: Price went up into that resistance and got rejected again (red arrow).
Demand zone (green): A support area below where buyers may step in.
Idea: Wait for price to drop into the demand zone, then look for buying (long trades) for a possible bounce.
In short:
Trend is down, but short-term buy opportunity may happen at the lower support (demand) zone.
Don’t forget to like and share your thoughts in the comments! ❤️
Overall trend: The market is bearish (going down) — shown by the downward channel.
Structure zone (orange): This is a resistance area where price tends to get rejected.
Recent move: Price went up into that resistance and got rejected again (red arrow).
Demand zone (green): A support area below where buyers may step in.
Idea: Wait for price to drop into the demand zone, then look for buying (long trades) for a possible bounce.
In short:
Trend is down, but short-term buy opportunity may happen at the lower support (demand) zone.
Don’t forget to like and share your thoughts in the comments! ❤️
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Declinazione di responsabilità
Le informazioni e le pubblicazioni non sono intese come, e non costituiscono, consulenza o raccomandazioni finanziarie, di investimento, di trading o di altro tipo fornite o approvate da TradingView. Per ulteriori informazioni, consultare i Termini di utilizzo.