We are in the daily time frame. We have a resistance line which the price hit 3 times and could not break it. Currently we have had a support line which has bounced the price back up. If the price receives support here it will move up to R1. But if it breaks S1 it will move down to S2. Those who want to take risks can buy it here for R1 but if you want to be more secure in your trade you can wait for it to come down to S2 and then buy it.
Warning: This is just a suggestion and we do not guarantee profits. We advise you to analyze the chart before opening any positions.
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.