We need to make sure we can get support at 12.0905. You should also check if you can get off the downtrend line (3).
From the wRSI_SR indicator, short-term bullish divergence has occurred. Accordingly, it remains to be seen if it can break above the uptrend line (2).
In the CCI-RC indicator, the CCI line fell below zero. It remains to be seen if the CCI line can rise above the zero and EMA lines.
If you fall from the uptrend line (1), you need a Stop Loss to preserve profit or loss. Accordingly, we need to see if we can get support and climb in the 9.3922-9.8700 range.
** All indicators are lagging indicators. So, it's important to be aware that the indicator moves accordingly with the movement of price and volume. Just for convenience, we are talking upside down for interpretation of the indicators. ** The wRSI_SR indicator is an indicator created by adding settings and options from the existing Stochastic RSI indicator. Hence, the interpretation is the same as the traditional Stochastic RSI indicator. (K, D line -> R, S line) ** Check support, resistance, and abbreviation points. ** Support or resistance is based on the closing price of the 1D chart. ** All explanations are for reference only and do not guarantee profit or loss on investment.
Explanation of abbreviations displayed on the chart R: A point or section of resistance that requires a response to preserve profits S-L: Stop Loss point or section S: A point or segment that can be bought for profit generation as a support point or segment
(Short-term Stop Loss can be said to be a point where profits or losses can be preserved or additionally entered through installment transactions. It is a short-term investment perspective.)
GAP refers to the difference in prices that occurred when the stock market, CME, and BAKKT exchanges were closed because they do not trade 24 hours a day. G1: Closed price G2: Market price at the time of opening (Example) Gap (G1-G2)
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