The price is still looking bearish long-term after previously breaking down from a large range (rectangle).
Price is unable to cross back above the 20 or 50-EMA, which means now is a good shorting opportunity.
The reward/risk ratio is good since only a small risk is needed to capture a potentially large move.
Price is unable to cross back above the 20 or 50-EMA, which means now is a good shorting opportunity.
The reward/risk ratio is good since only a small risk is needed to capture a potentially large move.
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