On smaller TF can see a 5-wave count blowing off into bearish divergence on RSI. Typical of corrections/pivots.
Look for supports around $40 & $30 levels to scale in. This is probably needed to sweep fomo longs and attract dip shorters to fuel the wider wave 3 structure.
Recommendation is take some profit and reload dip levels, risky to short against the trend.
Look for supports around $40 & $30 levels to scale in. This is probably needed to sweep fomo longs and attract dip shorters to fuel the wider wave 3 structure.
Recommendation is take some profit and reload dip levels, risky to short against the trend.
