After a strong sale followed by the bears, these are key levels to follow, still being bearish, this level offers a 1:1 risk ratio, and I do not like these odds in this market. Better to stay aside and let it decide it's move, entering Long when in the below levels will offer a higher risk reward ratio which is desirable, entering either Long or Short depending on the market conditions if the price rises, also offers a better risk to reward ratio hence, my strategy is at rest right now.
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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.