From last week i was waiting for the price to go long since the demand was holding.
this week price broke the demand zone. and right now i'm looking for short at the new fresh Supply zone.
price right now is in a ranging market. waiting for the breakout reach the supply zone. and taking a short.
Trading is risk.
In weekly Price its showing bearish momentum
IN 4H Price its stuck in a Ranging market for almost 3 weeks.
If price can broke the strong support (1,5250)
Then structure its confirmed for a downtrend
price target (1,48000).
We broke the Last structure of uptrend LL (27 March)
We Also we've formed a Head n' Shoulder
Now we're still in a downtrend price did a pullback (1,08160)
In monthly , weekly , daily , We're in a bearish structure.