In 12h TF, there is a very strong resistant which we need to break it and have a strong close above it for more run. Also, RSI has a bearish trendline which is going to break it to the upside; this is a sign of strength but still no sign of strength in price action.
Personally I will add to my position if price goes to the red line. I will consider to close my position if it close below the red line with high sell volume. I believe it is in the accumulation phase and we need to accumulate too.
Personally I will add to my position if price goes to the red line. I will consider to close my position if it close below the red line with high sell volume. I believe it is in the accumulation phase and we need to accumulate too.
BeYourOwnCIO
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BeYourOwnCIO
Clause de non-responsabilité
Les informations et publications ne sont pas destinées à être, et ne constituent pas, des conseils ou recommandations financiers, d'investissement, de trading ou autres fournis ou approuvés par TradingView. Pour en savoir plus, consultez les Conditions d'utilisation.