In my opinion, even though the trend is bullish, short positions are easier to take right now. That’s because on the way up, the price keeps hitting the EMAs, which makes upward movement harder — but on the way down, there’s nothing in its path.
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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.