📉 Arguments for a Short (Selling / Expecting a decline)
• Sharp drop in the latest candle: The latest 15-minute candle is a long red (bearish) candle, accompanied by a huge spike in trading volume (VOL) at the bottom of the chart. This indicates strong selling pressure and profit-taking.
• Reversal formation: The chart formed a local peak (around 2.75), then declined steadily. Current momentum is downward, and the drop may continue toward the nearest support levels (for example, around 2.17 or 1.96).
#BTW #USDC
• Sharp drop in the latest candle: The latest 15-minute candle is a long red (bearish) candle, accompanied by a huge spike in trading volume (VOL) at the bottom of the chart. This indicates strong selling pressure and profit-taking.
• Reversal formation: The chart formed a local peak (around 2.75), then declined steadily. Current momentum is downward, and the drop may continue toward the nearest support levels (for example, around 2.17 or 1.96).
#BTW #USDC