The trend is bullish, the trendline has been violeted 2 times (weakness signal).
Wait that the price reaches the level 134 USD and then see: if the level will be broken (in a daily candle stick - perhaps closure of two days price below that support level) the idea is to go short, otherwise go long (the level of circa 134 USD will work as support).
Generally in Technical Analysis, it is easier for a price to follow their major trend (upward), so always trying to invest in the trend direction, if it is possible.
Wait that the price reaches the level 134 USD and then see: if the level will be broken (in a daily candle stick - perhaps closure of two days price below that support level) the idea is to go short, otherwise go long (the level of circa 134 USD will work as support).
Generally in Technical Analysis, it is easier for a price to follow their major trend (upward), so always trying to invest in the trend direction, if it is possible.
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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.