Possible evening star formation looking at daily, BTC short idea
While downtrend from 20k is clearly broken we bounced of 100 EMA and 0.5 fib. Now we should retest trend line and reset oscillators on lower time frames as most are showing overbought conditions, and this could lead to forming evening star. So there is opportunity to enter short with good risk reward ratio. Profit taking/closing in red rectangle areas.
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