The price is creating a descending channel on the daily resistance after a bounce on the 0.5 Fibonacci level on the Monthly chart.
The price got rejections from the 3k resistance, it's a key level.
On the 4h timeframe the price is testing the resistance on 2700$ and the market got rejections from that are.
How to approach?
For a bullish scenario, I'd like to...
There's an assumption.
That we see a flag to continue down.
And that would be a good point in the shorts.
to hide the stop loss at $7,000.
blue flag marked.
r/r 1/9
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