Horizontal lines are important price levels
On the daily we see an important bounce on the actual level and and overbought RSI, and on the 4h we see a double top forming, with a base on an important level, so we could ride the leg to the first level, and manage our position risk to keep riding it if it breaks, if so, we should see it going to the next price zone.
Nothing much complicated or anything, manage your risk properly.
On the daily we see an important bounce on the actual level and and overbought RSI, and on the 4h we see a double top forming, with a base on an important level, so we could ride the leg to the first level, and manage our position risk to keep riding it if it breaks, if so, we should see it going to the next price zone.
Nothing much complicated or anything, manage your risk properly.
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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.
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.