Even tough this would go against the trend, we are at the top of the channel again, and I bet we'll see that the price will fall. Why? Easy. Investors will take their profits out, and then traders will take the profits and so the price will fall.
So here are the two things to do.
1) take a small short position first, and enlarge it as the price falls
or
2) put this one on your watchlist, until the price hits the bottom of that channel, but dont forget it on that list.
So here are the two things to do.
1) take a small short position first, and enlarge it as the price falls
or
2) put this one on your watchlist, until the price hits the bottom of that channel, but dont forget it on that list.
Note
profits profits profitsNote
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Free Trading Education:
discord.gg/EQmck5aU
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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.