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I saw a large number of posts about this instrument and decided to express my opinion. Opinions vary on whether to buy or sell?
The risks are significant for both sellers and buyers.
Let's start with those who want to buy this instrument. Your goal is a density at the level of 2.679.
If buyers do not have a specific global goal, sellers still have theirs. These are resistance levels 1.034 and 0.927.
Only one question remains unresolved: where to hide the risks?
On the hourly chart, it can be seen that the instrument has entered a sideways flat. If this movement continues for a couple more days, the instrument has every possibility to crash. This has happened before with this instrument, a small upward surge followed by a rapid decline.
So the conclusion is: there are two outcomes, a technical one through a correction and then down, or a very quick fall. I will leave this instrument for better times, the risks are too high!!
I saw a large number of posts about this instrument and decided to express my opinion. Opinions vary on whether to buy or sell?
The risks are significant for both sellers and buyers.
Let's start with those who want to buy this instrument. Your goal is a density at the level of 2.679.
If buyers do not have a specific global goal, sellers still have theirs. These are resistance levels 1.034 and 0.927.
Only one question remains unresolved: where to hide the risks?
On the hourly chart, it can be seen that the instrument has entered a sideways flat. If this movement continues for a couple more days, the instrument has every possibility to crash. This has happened before with this instrument, a small upward surge followed by a rapid decline.
So the conclusion is: there are two outcomes, a technical one through a correction and then down, or a very quick fall. I will leave this instrument for better times, the risks are too high!!