The price has failed to stand on the EMA260, and the highest point just touched the fibo0.5. This shows how weak it is in the short term.
Furthermore, the price has droped beyond AB0.809, and now temporarily stops at CD0.764. But it will not rebound in the 4H chart.
The first support price is around 8274, and the price may rebound for a little while. But it will go down again, because the second support price 7665 could be the real bottom in the short term.
Furthermore, the price has droped beyond AB0.809, and now temporarily stops at CD0.764. But it will not rebound in the 4H chart.
The first support price is around 8274, and the price may rebound for a little while. But it will go down again, because the second support price 7665 could be the real bottom in the short term.
I didn't expect this drop comes so quickly, although I have earned a lot from my recent short positions from 9100. And I closed it one hour ago.
I believe the short is coming to an end in the short term. And I will publish a new chart to explain it.