I believe price will react to this trend line. the trend line is compatible with a major resistance at 40 cents. we will have pullbacks on our way to 40 cents, but i don't know how trading works, so i will just wait for my target and sell. i believe after reaching 40 cents we will have a nice pullback to 25-30 cents and that's when i would be interested in buying back.
Trade active
Trade active
The more price attacks this resistance level, the weaker it becomes. it's a simple idea, but it's true.Trade closed manually
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.