The price showed weakness near the key resistance level. The short entry was made with the expectation of a further decline. This rebound has advanced into a zone where seller protection may begin to strengthen.
💡 Instead of guessing the direction, it's better to look at the price reaction.
SHORT SETUP IS FORMING
The market is gradually coming under the full control of sellers. The current structure supports the downward movement. After the formation of a sellers' signal, a short position was opened. The development of a downward movement is expected.
🐻 ARE THE BEARS PREPARING A NEW ATTACK? The price is showing signs of weakness after a failed attempt to grow. 🔻 SELLERS ARE ACTIVELY DEFENDING AN IMPORTANT SUPPORT ZONE.