At the moment, we see that the price is traded on the previously formed levels of support and resistance. Considering the level of volatility and the formed trend, we believe that the price will continue its downward movement.
Since now it has approached the lower border and in case of breaking our level will go to the next. It’s better to open short positions.
Otherwise, the reverse movement to the upper boundary is possible. However, this option is less likely so far.
Since now it has approached the lower border and in case of breaking our level will go to the next. It’s better to open short positions.
Otherwise, the reverse movement to the upper boundary is possible. However, this option is less likely so far.