as we can see a long resistance (which is 2/1 line of gann fan) from 17 Feb, it has been hit twice and came to a big free fall to appro. $325.
It comes back to closer to resistance and start a small flag formation which is believed to be bullish as the volume as of today has been dropping as a new low since the commencement of such formation. We could add long if it breaks to $380, targeting $405.
However, remember to set tight stop loss, say $368.6, as it reminds in a bearish market.
In the long run, i am looking forward to see a new low below $325.
It comes back to closer to resistance and start a small flag formation which is believed to be bullish as the volume as of today has been dropping as a new low since the commencement of such formation. We could add long if it breaks to $380, targeting $405.
However, remember to set tight stop loss, say $368.6, as it reminds in a bearish market.
In the long run, i am looking forward to see a new low below $325.
Note
be cautious to trading volume todayTrade closed: target reached
time to sell
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Disclaimer
The information and publications are not meant to be, and do not constitute, financial, investment, trading, or other types of advice or recommendations supplied or endorsed by TradingView. Read more in the Terms of Use.