Yesterday's chart indicated that the $237 is a strong area of multi-layered resistance. Prices had a fake breakout and started to consolidate. I cashed out my $227 long at $235 as markets pulled back from resistance level for a 3.4% profit.
I'm still holding my $219 long position with a stop order set at $230 as a safety net. I will scalp (without leverage) in between support and resistance levels for 2% gains while the markets are going sideways.
If prices breakout at $237 I will consider scaling out more profit around $245.
I'm still holding my $219 long position with a stop order set at $230 as a safety net. I will scalp (without leverage) in between support and resistance levels for 2% gains while the markets are going sideways.
If prices breakout at $237 I will consider scaling out more profit around $245.