As you can see, after the price dropped, it made a retracement close to the 0.78 Fibonacci level, and then the market reacted with another downward move.
At the same time, a triangle pattern—or whatever you’d call it—has also formed, which is often considered a continuation pattern, especially in a downtrend. So, there’s a chance the price could drop further.
Personally, I entered a short position at 0.121$, with my take-profit set at 0.8$.
At the same time, a triangle pattern—or whatever you’d call it—has also formed, which is often considered a continuation pattern, especially in a downtrend. So, there’s a chance the price could drop further.
Personally, I entered a short position at 0.121$, with my take-profit set at 0.8$.
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