Following my previous analysis here, we have now broken the lower part of the range.
Accordingly, it is time to take a short position.
Here is my plan:
Trading Plan to Sell:
Entry price: Around 610$
Stop Loss: We exit if the price goes back into the range at 650$.
Take profit: Before the second major support and before other traders take their profits at 520$.
Risk/Reward Short: 40$ / 100$
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