Conclusion:
We have price bouncing from legit supply,
But now is a reaction to much lower demand.
1] I would look for shorting opportunities at key levels above where we are now.
2] your buy positions are at risk exposure, as no real confirmation made for long.
It may work out, and price may drive all the way up, but only as a retracement action to regain short activity.
We have price bouncing from legit supply,
But now is a reaction to much lower demand.
1] I would look for shorting opportunities at key levels above where we are now.
2] your buy positions are at risk exposure, as no real confirmation made for long.
It may work out, and price may drive all the way up, but only as a retracement action to regain short activity.
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