The blue trendline works as a strong resistance. Seller take control almost immediately. The last three times the price touched it, it pulled back 15% or more. I bought puts exp. 06/26 strike 290. I might add depends on price action. SL triggers if a daily candle closes above the trendline as shown.
Trade closed: stop reached
I took the loss. Looks like it is going to blow off the top. Disclaimer
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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.
