In the $498 resistance zone, a large number of dynamic limit sell orders are placed. When testing this zone, there is an imbalance of supply over demand.
Sale in the zone 498$-500$
Stop loss 509$
Take profit 482$.
Sale in the zone 498$-500$
Stop loss 509$
Take profit 482$.
Trade closed: stop reached
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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.