🤔 Guys, when is a divergence considered to be worked out?
Let's look at this example of growth at $BTC 👀
In practice, the realization of such a divergence occurs when the price returns to an overbought state on the SMI indicator. The divergence, as a reason for growth, disappears and the price continues to fall downwards.
I took a risk and entered the first half of the short position near the resistance at 71.500. I will enter the second part when the indicator is in an overbought state.
✔️ The idea of a BTC reversal in the range of 71.500-72.000 is still relevant! (👉link)
Have you already opened a short position or are you still waiting?