hi Traders,
The price has been in the uptrend since June 2022. The price has formed a bearish divergence, however we are expecting that the price will go a bit higher to retest ATH from 2021. This level should be acting as a strong resistance therefore it could be a good entry for a short position.
The stop loss should be placed above the resistance.
Our target is at the fib level 0.236
Good luck
The price has been in the uptrend since June 2022. The price has formed a bearish divergence, however we are expecting that the price will go a bit higher to retest ATH from 2021. This level should be acting as a strong resistance therefore it could be a good entry for a short position.
The stop loss should be placed above the resistance.
Our target is at the fib level 0.236
Good luck
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