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Daily
Looking at our trend timeframe we see price is continuing to respect our downtrend with no signs of reversal. Stochastic RSI showing momentum is in favor of bears, however we are starting to slow down and could be seeing a reversal soon. A daily close above 22000 activates our trade however if rejected at this level expect a lower low to form at 17000. Will be watching this zone for a daily reversal pattern.
Conclusion
- Buy: After Daily Close Above 22000 / Bounce Off 17000
- Sell: Nooo
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Disclaimer: I am not a financial advisor nor am I giving financial advice. I am sharing my biased opinion based off speculation. You should not take my opinion as financial advice. You should always do your research before making any investment. You should also understand the risks of investing. This is all speculative based investing.
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