Why do these scoundrels keep digging for the bottom and sticking at $BR ? No one knows. Looking at the 4H chart, the volume is mediocre like this—where would the buying power come from? The price is being pushed down right under the resistance of the MA. The post-peak structure is clearly lower than the previous peak. A straight short setup for the guys to wipe out the long side:
Short $BR
Entry: 0.14480 - 0.14500
SL: 0.14800
TP: 0.14000 - 0.13600 - 0.13000
With resistance like this, there’s only one way—keep your head down and keep dropping. Place the order and just wait to collect the harvest.
Short $BR
Entry: 0.14480 - 0.14500
SL: 0.14800
TP: 0.14000 - 0.13600 - 0.13000
With resistance like this, there’s only one way—keep your head down and keep dropping. Place the order and just wait to collect the harvest.