Channel trade.
Has a gap at 40$ that will be close., target is channel support..
Added white horizontal line to show the extreme support in that area. If shops breaks below that it's going back to the 20's..
Selling pressure was enormous , definitely see follow up coming..
200ema is at 46.25, that would be the stop loss of my choice
Has a gap at 40$ that will be close., target is channel support..
Added white horizontal line to show the extreme support in that area. If shops breaks below that it's going back to the 20's..
Selling pressure was enormous , definitely see follow up coming..
200ema is at 46.25, that would be the stop loss of my choice
