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Price went up strongly into the orange zone.
That orange area is marked as resistance, meaning sellers may appear there.
The blue rising lines show the overall upward trend.
The note “look for shorts” means the trader expects a possible drop from this level.
Don’t forget to like and share your thoughts in the comments! ❤️
Price went up strongly into the orange zone.
That orange area is marked as resistance, meaning sellers may appear there.
The blue rising lines show the overall upward trend.
The note “look for shorts” means the trader expects a possible drop from this level.
Don’t forget to like and share your thoughts in the comments! ❤️
Note
Watch for price to fail at the top, then consider selling instead of buying.
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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.
Related publications
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.