I believe the bulls have picked up the ball again. I have been stopped out of my shorts in good profit. Please understand that my shorts were a risk management play and it went very well. I follow what the price tells me until my bias is invalidated by the price.
I have bought spot but will wait until Monday before taking margin longs. I believe if the bulls can maintain support @ $134, the price will break out of the all time high resistance @ $216 and continue to $278+. However, failure to hold support @ $134 would, in my opinion, result in a move to $90.
This trade idea is not financial advice. I am not a financial advisor of any kind.
Please do your own analysis, responsibly manage your risk, and stay safe.
Thanks for hitting the like button!!!!!!!!!!!!!
I have bought spot but will wait until Monday before taking margin longs. I believe if the bulls can maintain support @ $134, the price will break out of the all time high resistance @ $216 and continue to $278+. However, failure to hold support @ $134 would, in my opinion, result in a move to $90.
This trade idea is not financial advice. I am not a financial advisor of any kind.
Please do your own analysis, responsibly manage your risk, and stay safe.
Thanks for hitting the like button!!!!!!!!!!!!!
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