What's up guys!
This is a very tricky one but have to be careful
Price is currently hovering over a major support trendline in Red and it seems to be hovering over it
On the Daily time I will be waiting for the break downwards of the this trendline with momentum candles within that time frame to validate that bears are now in full control
On the 1H timeframe which involves digging deeper ,price can still make higher highs and approach the major resistance zone before the break of the red trendline but only experienced people can handle this situation cause I won't want to buy around the resistance , my focus is to find a good sell setup
What do you guys think ?
This is a very tricky one but have to be careful
Price is currently hovering over a major support trendline in Red and it seems to be hovering over it
On the Daily time I will be waiting for the break downwards of the this trendline with momentum candles within that time frame to validate that bears are now in full control
On the 1H timeframe which involves digging deeper ,price can still make higher highs and approach the major resistance zone before the break of the red trendline but only experienced people can handle this situation cause I won't want to buy around the resistance , my focus is to find a good sell setup
What do you guys think ?