Simple support and resistance with a MACD confirmation. Wait for the value to increase a bit then when the MACD crossover happens/ there is strong bearish candlestick patterns place your short. There is a possibility that there could be breakout through the resistance so ensure to place your stop/loss.
Note
It may not reach resistance as there is the forming of a shooting star bearish candle maybe time to enter the trade however waiting for more confirmation.
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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.