I could argue that the stoploss be taken a little higher but I believe in cutting loosing trades early. The chart looks easily explainable even to a lay man; Since the basic in trading is "selling the roof and buying the floor". We are currently at a known high pricemark that we can see price has been rejecting over time and can say the recent bull rally to the tradinal high is the retest before a sell off to 49K region.
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.