This is not trading advice.
I am still learning. I just believe the supports I have drawn (yellow dotted lines) are likely to overlap each other in the next few days, making the 175-185 sats a region with strong support.
And if price does bounce there, I believe we can reach previous weekly high again (around 400sats) which in the next 1-8 weeks would also overlap with current descending resistance, enforcing the resistance at that level.
Just thoughts. What do you guys think?
I am still learning. I just believe the supports I have drawn (yellow dotted lines) are likely to overlap each other in the next few days, making the 175-185 sats a region with strong support.
And if price does bounce there, I believe we can reach previous weekly high again (around 400sats) which in the next 1-8 weeks would also overlap with current descending resistance, enforcing the resistance at that level.
Just thoughts. What do you guys think?