-The price is currently sitting on the support. -Weak pump expected only to get rejected from the upsloping resistance line (yellow line) which previously was acting as a support.
-Trend overall remains bearish.
Good luck
Trade active
Now support is acting as a resistance. Expecting more downside
Note
Good progress. Targets are still the same
Trade closed: target reached
Target 1 reached. The price bouncing from the support. Short term bounce before reaching target 2 is very likely.
Trade closed manually
The price was close to reach target 2. Expecting a short term bounce therefore closing this trade now to reenter short higher.
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