I am sell bias on this one but this is a "If the market does this then I do that, if the market does that then I do this trade." Price has not broken the descending resistance, has tried but failed to push past it. Price is also currently in a downtrend, and I see no signs of trend changing yet. BUT if price does happen to break descending resistance and create support I will go long. Happy trading everyone
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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.