From a technical chart point of view, one could say that this is an overbought area that needs consolidation back in order to take advantage of further upside momentum. However, please note that you should use a possibly wider stop loss because of the high volatility.
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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.