Price has been testing the mayor resistance for a year, and trading for a month just there below it ready to test it out again. I think this time is going to break it. I have a small position and a wide stop loss. If the price breaks through and closes the week above the resistance, ~204 level, I'll add.
Trade active
HoldingTrade closed manually
I'm taking profits now. I don't like how the price was rejected from the $200 resistance area. It may try another poke, but I'll wait for a better setup to rebuy.
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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.