We're seeing scenario similarities again, the correction we saw on February 22 is exactly what is happening again.
Correction similarities, Oversold similarities Intensity of RSI and MACD indicators, placement on important support after double price correction.
For now, we have seen a pullback, but it has shown sensitivity to 57K resistance, and if we do not see support and growth in the same price range, it is likely that we will go to 52600, 51K and 49K, and then see a reversal of the downtrend and pullback, why? In the area of the yellow box is a very good support limit.
For now, it is better to stay away from any trading in order to stabilize the market, because sometimes the most profitable trade is not trading, only in such cases and corrections are suitable for long-term purchases and investment.
Correction similarities, Oversold similarities Intensity of RSI and MACD indicators, placement on important support after double price correction.
For now, we have seen a pullback, but it has shown sensitivity to 57K resistance, and if we do not see support and growth in the same price range, it is likely that we will go to 52600, 51K and 49K, and then see a reversal of the downtrend and pullback, why? In the area of the yellow box is a very good support limit.
For now, it is better to stay away from any trading in order to stabilize the market, because sometimes the most profitable trade is not trading, only in such cases and corrections are suitable for long-term purchases and investment.