Another short explanation.
Bearish divergence forming on the 15m and a double top from the 6th June. Currently in a strong supply zone and i expect to be rejected from this area.
Set a tight stop loss as Funding is very negative and could trigger a short squeeze above the supply zone.
Bearish divergence forming on the 15m and a double top from the 6th June. Currently in a strong supply zone and i expect to be rejected from this area.
Set a tight stop loss as Funding is very negative and could trigger a short squeeze above the supply zone.
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Another bearish indication is the head and shoulders forming on the RSI
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Tagged 1.61 and closed short