Price movement in the downward channel. Also, the value movement in channel 154-187, which has been going on for more than a month. So far, there is not enough volume for further growth. The trend is bearish, working better in a short position.
Buyers will look for them at the level of local support of 168, after which there will be an increase in value and consolidation above the level with further growth to the upper boundary of channel 187.
But if the price fails to fix above 168, then they will go to test the support level 154, from which there will also be a rebound to the level of 168.
But do not forget about market manipulation, and therefore it is also possible to test the level of 187 with false breakdowns, after a small breakdown and consolidation with a pullback.
Conclusion:
Since the trend is bearish, it is better to work in a short position.
I saw three main movements. The first is a false breakdown during market manipulation and growth to 187 and beyond, after which there will be a rollback. The second and most important is the rollback to lines 168, for a set of positions and further growth to 187. When the price is fixed, this level will increase to 200, then after a further set of positions, it will rise to 227. And the third is the rollback to 154, after which rebound to area 168.
Buyers will look for them at the level of local support of 168, after which there will be an increase in value and consolidation above the level with further growth to the upper boundary of channel 187.
But if the price fails to fix above 168, then they will go to test the support level 154, from which there will also be a rebound to the level of 168.
But do not forget about market manipulation, and therefore it is also possible to test the level of 187 with false breakdowns, after a small breakdown and consolidation with a pullback.
Conclusion:
Since the trend is bearish, it is better to work in a short position.
I saw three main movements. The first is a false breakdown during market manipulation and growth to 187 and beyond, after which there will be a rollback. The second and most important is the rollback to lines 168, for a set of positions and further growth to 187. When the price is fixed, this level will increase to 200, then after a further set of positions, it will rise to 227. And the third is the rollback to 154, after which rebound to area 168.
