Since July, the price has been moving within the boundaries of two lines: resistance and support, which were formed in the spring of 2020.
At the auction yesterday, the price touched the resistance line, rolled back a little and now price again has almost come close to the this line thereby entrenched on it. And this is a good signal to open a sell trade! In this case, SL should be installed slightly above the resistance line. TP - at the support line.
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.
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.