Old support
Pair just landed on a more than two years old support trendline. Do you think is going to break it through? I don't think so. You can start opening a small position and add if the support is holding up. SL triggers if a big daily candles break it down the support but it has to close way under it. In that case, I would short it.
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.