๐We eventually broke below the PML line and the buy zone turned into a resistance zone.
๐ง From the graph, we can see that we are falling all the way following a zigzag pattern. The price is about to enter the buying zone on the daily and weekly lines. The strongest short-term support zone is 50636-52888. When the price reaches this zone, there should be good reaction.๐
โก๏ธFrom a structural point of view, the double-top short structure has been established and it has fallen below the important buying zone, so the downward trend will be dominant in a short period of time. Look for shorting opportunities when the price rebounds again to the area where the downtrend line and the resistance zone overlap.๐
โ ๏ธDonโt forget risk management๐ฏ
โ๏ธTrade safeโ๏ธ
๐คIf you like my analysis, please like ๐and share it๐ฌ
๐ง From the graph, we can see that we are falling all the way following a zigzag pattern. The price is about to enter the buying zone on the daily and weekly lines. The strongest short-term support zone is 50636-52888. When the price reaches this zone, there should be good reaction.๐
โก๏ธFrom a structural point of view, the double-top short structure has been established and it has fallen below the important buying zone, so the downward trend will be dominant in a short period of time. Look for shorting opportunities when the price rebounds again to the area where the downtrend line and the resistance zone overlap.๐
โ ๏ธDonโt forget risk management๐ฏ
โ๏ธTrade safeโ๏ธ
๐คIf you like my analysis, please like ๐and share it๐ฌ
๐ฐFREE signals in Telegram: t.me/+9dh7Ug_iQ2lkMmM0
๐TOP 2 Crypto BROKER:bybit
๐ Join & Enjoy $30,000 in rewards: partner.bybit.com/b/59661
๐TOP 2 Crypto BROKER:bybit
๐ Join & Enjoy $30,000 in rewards: partner.bybit.com/b/59661