Looking at the lines we see that we currently did hit a resistance line.
Since we are extended that much one would think we will see a short term pullback.
We also can see a failed pattern.
- Never buy the top/ ATH
- Take profit as long as you can
- Use Stop/loss for leveraged positions
- If you are not experienced, don't leverage in the first place
Enjoy the ride and don't be too greedy.
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- Green lines are tested support lines.
- Orange lines are resistance lines or, if we are above, possible support lines which were not tested yet.
- Cyan line is for trendline.
- Purple lines are we take a look at.
- Yellow lines are for visual help only.
- Either entry zone or . Check the description.