the medium-term picture of coffee is to correct over time. we should be seeing 200.00 levels again. The current price $ 245 is above the BB and the RSI is way higher than the past corrections observed.
Strategy is to sell in small increments, and stop-loss (perhaps not needed due to the high level of RSI).
manage the position carefully, and take back positions during decline at 227.00 and 217.00 and re-sell when moving higher afterwards.
I believe RSI is a very bad indicator for a bullish market like this one because in order to be reliable the price needs to oscilate. RSI in my chart is a little lower than yours and it already started falling on Friday very much like on the 17th November from which it recovered quite fast. I am keeping my long position until my trendline support is breached. I mean you may be right and the bears might take over but I'll need a little more confirmation before I start selling - it's still bullish which makes all the selling attempts very risky even with stop loss.
meringuebobbi
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The last opinion doesn't seem to fit well. I'll keep in mind what will happen this time.