The green price range is a demand area and there should be a certain amount of short positions that will be closed to drive the price rally. I think the price level of $1715-1725 is attractive to me to establish long positions to earn profits due to price swings.
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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.