As we can see on the chart, the price is retesting support. But we could notice that price has just broke below the simple moving average inside Bollinger bands indicating a potential bearish movement. And if we also look at indicators, we could find sells signal from MACD and also DMI. It is necessary that price get out from this range and so break out the resistance level and retest it as a support. After that, we could think about opening a short position.
no financial advice
no financial advice
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