We are in a bearish trend, so I think the market sentiment is down, so I'm sticking to the "trend is our friend and we should go with it". Plus, the price is at a strong level, which in the past was supportive, but now it is being tested as resistance for the 2nd time. The potential position is 5.5 risk / reward ratio.
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.