Hi guys,
I noticed some support and resistance areas, along with a nice bounce off of the old trend line. If we move sideways and end up breaking through this support on the trend line, I would probably exit the trade and cut losses. I expect some rebound for a short period of time since the RSI is so incredibly oversold. Happy trading!
I noticed some support and resistance areas, along with a nice bounce off of the old trend line. If we move sideways and end up breaking through this support on the trend line, I would probably exit the trade and cut losses. I expect some rebound for a short period of time since the RSI is so incredibly oversold. Happy trading!
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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.