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I have a channel if it breaks 53.4 it can go to 60 and beyond, if it fails 53.40 then it could continue to channel and go to $45 and below, depending on market conditions. Entry was shy of 48 targets as short is 44.85 +$3.02 otherwise I pull out 1% from a stop which is $52.86, and take a loss of $4.99 Risk outweighs the reward.
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