‼️ $BR is overbought, guys, and I don't think this is the time to be buying it.
I'm stepping in with a SHORT on $BR here.
TP: $0.590 / $0.450
Invalidation: $0.800 👇🏻
Look at the RSI with me. It's already overbought, and sellers are showing strength on it. Now the rejections are showing up too, and I'm telling you, that combination is what I wait for before expecting the next selling move.
I'm not saying it drops in one candle, but I'd rather be early on the right side than late on the wrong one. 🔻
Overbought chart. Rejections showing. Now let's see the sellers take over. 🚩
I'm stepping in with a SHORT on $BR here.
TP: $0.590 / $0.450
Invalidation: $0.800 👇🏻
Look at the RSI with me. It's already overbought, and sellers are showing strength on it. Now the rejections are showing up too, and I'm telling you, that combination is what I wait for before expecting the next selling move.
I'm not saying it drops in one candle, but I'd rather be early on the right side than late on the wrong one. 🔻
Overbought chart. Rejections showing. Now let's see the sellers take over. 🚩
