The price is currently in the mid of the range which is a paradise for a range traders.
Simple trading: - buy/long the support . Invalidation if the price closes below the range - sell/ short the resistance. Invalidation if the price closes above the resistance.
Stop loss in place highly recommended.
Good luck
Trade active
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As expected the price hit the upper boundary of the range. Short position active.
Take profit level: $18700 Final target: the bottom of the range
Comment
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Place a stop loss at $20480
Comment
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As expected, price got rejected at the strong resistance. The next attempt may be successful and the price may break above the resistance and go higher.