Advice: As we see, after the strong rise of the currency from a price of 290 to 380 with strong momentum, the price began to decline very noticeably and is still decreasing. Now the price of the currency has reached a price of 341, as shown in the first image on the 15-minute frame after the strong decline.
It shows us an upward trend that indicates that the decline will increase after it.
Another sign that the downtrend will continue is that the red volume is increasing noticeably to the eye and is strong every time.
Despite all these strong observations that frighten investors, the hourly frame shows that the price has reached a strong resistance at 341-335 and the possibility of a sudden rebound or breakout due to the increasing volume.
While the four-hour frame showed that the price exited the upward W trend and began to form a downward M trend.
The advice now is to monitor the price waiting for a breakout on the hourly frame and confirmation of the gradual rise on the 15-minute frame and an increase with the increase of the falling red volume to enter short deals or wait for a new buying opportunity on the spot when we notice a decrease in volume.
I hope this post is useful to you.
Follow me for more.....