🔸4H CHART EXPLANATION
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🔸 Price broke the Ascending Trendline.
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🔸 Also, the Support Zone has been broken (Now Resistance Zone).
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🔸 We are waiting for a breakout of this retracement before considering short positions.
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🔸 We will look for a lower timeframe bearish setup in case the breakout happens.
🔸DAILY CHART ANALYSIS:
.
🔸 Price broke the Ascending Trendline.
.
🔸 Also, the Support Zone has been broken (Now Resistance Zone).
.
🔸 We are waiting for a breakout of this retracement before considering short positions.
.
🔸 We will look for a lower timeframe bearish setup in case the breakout happens.
🔸DAILY CHART ANALYSIS: