Watch for Support/Resistance flip to fail or hold at $37 GREEN line.
If an hour candle closes below, then support becomes the mid channel line and then the lower channel line.
Careful RSI, is elevated. MACD and Squeeze may move lower.
$37 is the key if it fails or holds.
I entered short at $37.30 and my stop loss is above the parallel channel at $37.75
Good Luck.
If an hour candle closes below, then support becomes the mid channel line and then the lower channel line.
Careful RSI, is elevated. MACD and Squeeze may move lower.
$37 is the key if it fails or holds.
I entered short at $37.30 and my stop loss is above the parallel channel at $37.75
Good Luck.
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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.
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.