Price reached a strong resistance level (+5 years)
Looking at the chart historically the price kept respecting the resistance level highlighted in red for over 5 years, with that it is safe to assume a short position is a logical move.
Note
Update: The price moved as expected, falling from 504.5 to 476.9. This confirms the resistance level we spotted is solid. To lock in some of the profit already made, I suggest lowering the stop loss.
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