As you can see, after the price dropped, it made a retracement close to the 0.78 Fibonacci level, and then the market reacted with another downward move.
At the same time, a triangle pattern—or whatever you’d call it—has also formed, which is often considered a continuation pattern, especially in a downtrend. So, there’s a chance the price could drop further.
Personally, I entered a short position at 0.121$, with my take-profit set at 0.8$.
At the same time, a triangle pattern—or whatever you’d call it—has also formed, which is often considered a continuation pattern, especially in a downtrend. So, there’s a chance the price could drop further.
Personally, I entered a short position at 0.121$, with my take-profit set at 0.8$.
Trade aktif
As mentioned earlier, the price broke down from the bottom of the triangle pattern and began its decline. In my view, any upward movement — as long as the price doesn't re-enter the triangle — should be considered a correction and a potential short entry opportunity.
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Informasi dan publikasi tidak dimaksudkan untuk menjadi, dan bukan merupakan saran keuangan, investasi, perdagangan, atau rekomendasi lainnya yang diberikan atau didukung oleh TradingView. Baca selengkapnya di Persyaratan Penggunaan.