QI under big resistance

1 באוק׳ 2021

BENQI is under a big resistance zone right now, it acted as support multiple times and high resistance COULD be expected. Broke out from this descending trend line formed 8 days ago, and that is a good sign. Looks like death cross on SRSI and MACD have a chance to print it also. According to indicators it could turn back down and retest of that trend line or support level at 0.0857. If that level is lost, more downside could be expected and we could open a SHORT trade. In the market getting in FOMO right now, I would keep an eye on it or set alarms, it has a chance to shoot up before that full retest... Good luck traders