#US
📉 TECHNICAL ANALYSIS — SHORT TRADE
Dr. Carlos Borges | TradingView
The short trade entry was based on identifying a strong downtrend, characterized by the formation of lower highs and lower lows, indicating that sellers were dominating the market.
I identified a resistance area around 0.020762 to 0.022651, where the price attempted to recover but failed to sustain its upward move. The rejection in this zone reinforced the view that selling pressure would continue.
After losing the intermediate support levels, the price confirmed that buyers were weakening and continued its downward move, passing through the 0.016434 and 0.012154 levels.
The trade was planned to take advantage of the continuing downtrend, with the 0.0079 area serving as an important support zone and a possible target for the move.
📉 TECHNICAL ANALYSIS — SHORT TRADE
Dr. Carlos Borges | TradingView
The short trade entry was based on identifying a strong downtrend, characterized by the formation of lower highs and lower lows, indicating that sellers were dominating the market.
I identified a resistance area around 0.020762 to 0.022651, where the price attempted to recover but failed to sustain its upward move. The rejection in this zone reinforced the view that selling pressure would continue.
After losing the intermediate support levels, the price confirmed that buyers were weakening and continued its downward move, passing through the 0.016434 and 0.012154 levels.
The trade was planned to take advantage of the continuing downtrend, with the 0.0079 area serving as an important support zone and a possible target for the move.