Call it correction or selling opportunity
Strong rejection at 108 level , 3 times
price failed to break above.
support at 106.66 was broken once and rebound.
if it breaks down tonight or this week, we can expect a
short term sell towards 104.50
For those who are already long in this, you can consider taking partial profits
adjust your SL and capital management.
Reinvest part of your profits (make it a habit rather than spend it) to other trade opportunities.
And for those not comfortable with shorting or dun want to, just wait for the next buying opportunity which I will update
price failed to break above.
support at 106.66 was broken once and rebound.
if it breaks down tonight or this week, we can expect a
short term sell towards 104.50
For those who are already long in this, you can consider taking partial profits
adjust your SL and capital management.
Reinvest part of your profits (make it a habit rather than spend it) to other trade opportunities.
And for those not comfortable with shorting or dun want to, just wait for the next buying opportunity which I will update
Note
Praise the Lord. Congrats to those who shorted.
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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.
Related publications
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.