Firstly, it's worth noting the local upward trend that had been in place since October 9. We recently broke this trend and performed a retest, which serves as the first strong signal for going short.
Secondly, we observe a bearish pattern called the "rising wedge," which breaks downward, confirming our position. This is already the second signal for going short.
Regarding trading volumes, there's nothing particularly noteworthy at the moment. However, it's reassuring that there isn't a clear buyer in the coin. Additionally, it's important to take note of the sharp price spike on October 15, which could have been triggered to hit the stop-loss orders of short traders.
Speaking of support levels, the main trendline has already been breached, opening the path for further downside. Now, all that's left is to wait and aim to secure excellent profits from this trade.
Secondly, we observe a bearish pattern called the "rising wedge," which breaks downward, confirming our position. This is already the second signal for going short.
Regarding trading volumes, there's nothing particularly noteworthy at the moment. However, it's reassuring that there isn't a clear buyer in the coin. Additionally, it's important to take note of the sharp price spike on October 15, which could have been triggered to hit the stop-loss orders of short traders.
Speaking of support levels, the main trendline has already been breached, opening the path for further downside. Now, all that's left is to wait and aim to secure excellent profits from this trade.