Market Conditions: - trend reversal - bullish sentiment in the market
Key Level and Lines: - $30.38 resistance
Trading Ideas: - go long after a consolidation below the resistance - a false breakout and bearish sentiment in the market = trade opportunity for shorting.
Comment
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Plan A failed. The price bounced from the resistance.
Plan B gave a short trade. The price reached the 1st profit target = 1:3 r/r ratio.