We continue to hold our SELL positions mainly because bearish momentum is still very high in the market. Nevertheless, we need to be aware of the fact that price is approaching the previous resistance zone which may become the new support zone . We may close our SELL positions when price starts to show signs of bullish momentum or reversal at the zone.
However, if price breaks the zone and continues to move further south, more MONEY for SELLERS.
Risk management is key to success in trading. Never lead the market but always let the market lead you. Good luck.
However, if price breaks the zone and continues to move further south, more MONEY for SELLERS.
Risk management is key to success in trading. Never lead the market but always let the market lead you. Good luck.