USTECH100 Bearish Momentum Underway

6 พ.ย. 2023

🔅Intriguing developments on the USTECH100 chart are worth a closer look. Firstly, two key Fibonacci resistance levels, at 341.4% and 78.6%, have acted as strong barriers, indicating robust bearish momentum.

🔅Further dissecting the trend, we've noticed a clear pattern of forming lower lows and lower highs, emphasizing the downtrend's persistence. USTECH100 is currently at a critical juncture, testing the confines of a long-standing descending channel.

🔅This juncture could potentially provide a highly attractive entry point for short positions. For the complete setup details, we've shared a comprehensive analysis in our channel. Keep a watchful eye on our updates as the situation unfolds.