Resistance at 8000 is still holding
Updated
-The crowd psychology is holding their previous long trade. Less crowd enter to buy as the price already reach it goal at 8000.
-Price having hard time to break resistance at 8000 and support 7500 zone.
-Buying at next 7500 can be a risky entry if the next correction cannot break 8000 and instead making new lower high on H1 chart.
-While selling at 8000 with small stop loss above it and take profit at 7000 zone should be a good high probability trade with good Reward:Risk
-Price having hard time to break resistance at 8000 and support 7500 zone.
-Buying at next 7500 can be a risky entry if the next correction cannot break 8000 and instead making new lower high on H1 chart.
-While selling at 8000 with small stop loss above it and take profit at 7000 zone should be a good high probability trade with good Reward:Risk
Note
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