Price heading down for quick profit
At 1931.96 we have a resistance area that still held strong. The resistance initiated around Tuesday May 30th 2023 and price has never approached that area since. With resistance holding 1931.96 we want to be sure that we don't get price bouncing off that before we enter. It could reject for the short or long term by either resisting by just testing that area. Or it can still have enough volume to break through. There is a higher chance it could rally back to the upside but if it ranges on the 30m frames or lower it can possibly test that area again. and break through.
If it still has volume to go and it does not resist at 1931.96
I'd enter 1931.26 for a 2 Dollar move to 1929.26
If it still has volume to go and it does not resist at 1931.96
I'd enter 1931.26 for a 2 Dollar move to 1929.26
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