Potential Sell Setup on Breakdown from Resistance to Demand

18 ต.ค. 2023

Should the price break the lower resistance, it is probable that it will extend its downtrend momentum towards the demand level at the base. In such a scenario, we can explore opportunities to initiate a short position, possibly arising from a newly formed and influential supply zone that triggers the breakdown.
The target will be the demand level at the bottom which is also a great level to open a buy position.