This is hanging off a cliff in a downtrend.
RSI is a little low on long term so shorting does make me a bit nervous.
How about we look for the right short signal on the shorter term (5 min) time frame and then see what happens. Be protective but that bear break looks likely. Could take 2 or 3 days to touch the bottom of the channel again.
You could play long this from from 21.25 based on the 4 hr but I think this is a case of "the trend is your friend."
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RSI is a little low on long term so shorting does make me a bit nervous.
How about we look for the right short signal on the shorter term (5 min) time frame and then see what happens. Be protective but that bear break looks likely. Could take 2 or 3 days to touch the bottom of the channel again.
You could play long this from from 21.25 based on the 4 hr but I think this is a case of "the trend is your friend."
Join our discord and tell us what you think. Its free.
discord.gg/s5xexjB