The current trend is not in favor of an upward movement just yet 🙌
At the moment, the market does not have enough strength to achieve any significant growth. Buying volumes are still very weak, and we are still not witnessing the necessary influx of large liquidity that we need. Therefore, we must go lower to obtain the necessary resources capable of changing the current trend. For this reason, in the short term, the market looks less favorable, and this is also reflected in almost all the news, which has not pleased us at all lately.
As is known, the resistance of the main trend is meaningless.
In the medium term, of course, the market picture looks different, but locally, we are still not prepared for an upward movement.
Therefore, we are preparing for another correction and temporarily rejecting buying positions. The priority remains for short positions.
There will be no rise this Christmas, and it is time to come to terms with that.
At the moment, the market does not have enough strength to achieve any significant growth. Buying volumes are still very weak, and we are still not witnessing the necessary influx of large liquidity that we need. Therefore, we must go lower to obtain the necessary resources capable of changing the current trend. For this reason, in the short term, the market looks less favorable, and this is also reflected in almost all the news, which has not pleased us at all lately.
As is known, the resistance of the main trend is meaningless.
In the medium term, of course, the market picture looks different, but locally, we are still not prepared for an upward movement.
Therefore, we are preparing for another correction and temporarily rejecting buying positions. The priority remains for short positions.
There will be no rise this Christmas, and it is time to come to terms with that.
