ROUTE MOBILE: BEARISH BREAKDOWN ALERT!
⚡️Price Analysis:
1️⃣ Price broke below major Sz (EMA confluence zone)
2️⃣ Formation of LH-LL structure indicates bearish control
3️⃣ Death cross on EMAs - significant bearish signal
4️⃣ Sharp decline with increased volume showing selling pressure
5️⃣ Failed to hold previous support levels
✨ Key Observations:
➡️ Immediate Sz at previous support turned resistance
➡️ Multiple support levels visible on downside
➡️ Need recovery above EMA zone to neutralize bearish trend
➡️ While temporary bounce can be exected but, RRR unfavorable for longs at current levels.
➡️ Watch for potential bear trap near psychological support however it is approaching a Sz.
➡️ Weekly trend turned bearish
➡️ Multiple failed attempts at highs created strong Sz
⚠️ Disclaimer: This is NOT a buy/sell recommendation. This post is meant for learning purposes only. Views are personal. Please, do your due diligence before investing.⚠️
💬 What's your view on Route Mobile? Share below! ✌️🔥 Happy Trading!✅🚀
1️⃣ Price broke below major Sz (EMA confluence zone)
2️⃣ Formation of LH-LL structure indicates bearish control
3️⃣ Death cross on EMAs - significant bearish signal
4️⃣ Sharp decline with increased volume showing selling pressure
5️⃣ Failed to hold previous support levels
✨ Key Observations:
➡️ Immediate Sz at previous support turned resistance
➡️ Multiple support levels visible on downside
➡️ Need recovery above EMA zone to neutralize bearish trend
➡️ While temporary bounce can be exected but, RRR unfavorable for longs at current levels.
➡️ Watch for potential bear trap near psychological support however it is approaching a Sz.
➡️ Weekly trend turned bearish
➡️ Multiple failed attempts at highs created strong Sz
⚠️ Disclaimer: This is NOT a buy/sell recommendation. This post is meant for learning purposes only. Views are personal. Please, do your due diligence before investing.⚠️
💬 What's your view on Route Mobile? Share below! ✌️🔥 Happy Trading!✅🚀
Ordre annulé
As expected!
Anubrata Ray ⚡
Publications connexes
Clause de non-responsabilité
Les informations et les publications ne sont pas destinées à être, et ne constituent pas, des conseils ou des recommandations en matière de finance, d'investissement, de trading ou d'autres types de conseils fournis ou approuvés par TradingView. Pour en savoir plus, consultez les Conditions d'utilisation.
Anubrata Ray ⚡
Publications connexes
Clause de non-responsabilité
Les informations et les publications ne sont pas destinées à être, et ne constituent pas, des conseils ou des recommandations en matière de finance, d'investissement, de trading ou d'autres types de conseils fournis ou approuvés par TradingView. Pour en savoir plus, consultez les Conditions d'utilisation.