#dot
The price is trading under immense pressure below the pivot point
The critical resistance (mid-point) is at 2.117 and the critical support for an immediate collapse (lower limit) is at 1.901. The relative strength index at 29.228 indicates deep selling pressure, which warns of a temporary rebound before resuming the decline.
Strategic outlook and bearish forecasts: The market maker aims to break 1.901 to liquidate buyers and push towards new lows (below 1.5 as I indicated). The sharp selling pressure suggests a corrective rebound towards 2.117 before the market maker can push again to trigger the final collapse.
1- Sell dot
Entry: Break and hold below 1.901 (lower limit)
Stop loss: 1.945 (return above the last low)
Targets: The first target is 1.850, and the further structural target is
1.500 and below.
2- Sell dot
Entry: 2.117 (pivot point) - if touched and fails to break above
Stop loss: 2.140
First target: 1.989 (current price)
In an extremely critical position, where the sharp selling pressure (29.228) means any rebound could be swift, but the structural trend remains bearish.
Key collapse: The critical level is 1.901. Breaking it confirms the trend
Towards a target of 1.5 and below.
