The current price action demonstrates movement within a parallel channel. A breakout from this channel is indicative of a potential further upward trajectory. Initial resistance is observed around the 60 level, with secondary resistance at approximately 64. To manage risk, it is advisable to employ a stop loss strategy, with stop orders placed below the 50 mark.
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.
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.