Hey there! There is a breakdown here. Before I called a critical break down is down in the description!
Breakdowns can be a cause for concern for investors and traders alike, as they typically indicate a potential downward trend in price.
It's important to keep in mind, however, that not all breakdowns are created equal. While a breakdown may indicate a bearish sentiment, it's always wise to do your due diligence and consider other factors that may be impacting the price of the asset.
Some traders even see breakdowns as opportunities to take advantage of a dip in price, particularly if they have a long-term bullish outlook on the asset. So, while a breakdown may be cause for caution, it's also important to maintain a level head and consider all available information before making any trading decisions.
Breakdowns can be a cause for concern for investors and traders alike, as they typically indicate a potential downward trend in price.
It's important to keep in mind, however, that not all breakdowns are created equal. While a breakdown may indicate a bearish sentiment, it's always wise to do your due diligence and consider other factors that may be impacting the price of the asset.
Some traders even see breakdowns as opportunities to take advantage of a dip in price, particularly if they have a long-term bullish outlook on the asset. So, while a breakdown may be cause for caution, it's also important to maintain a level head and consider all available information before making any trading decisions.
Comment:
As always works like a charm!
Comment:
I think we have to visit 29.600 at some point before we go lower.
Really short term we might see a dump lower than 28.880 but then we will get better prices for taking a short position.
Daily short ratio : %52.62
4 hours short ratio : %55.42
1 hours short ratio : %51.87
30 min long ratio : %63
15 min long ratio : %63
5 min long ratio : %63
Really short term we might see a dump lower than 28.880 but then we will get better prices for taking a short position.
Daily short ratio : %52.62
4 hours short ratio : %55.42
1 hours short ratio : %51.87
30 min long ratio : %63
15 min long ratio : %63
5 min long ratio : %63
Comment:
Price is ready for 28.600.
