We say that we are ranging here.
No, my initial idea was that this might sell-off a bit more and go re-test the old levels of around $30. But that was then. Now, I am a bit 50/50, because of this price action.
Now, ideally, I would like to see some selling, but because we are at this interesting level, any stupid news might drive the price higher. Especially with all the hurricanes happening right now.
If you still wish to place a position, then I recommend having a tight stop, because the candle might be extended.
Be careful and keep an eye on the price action!
No, my initial idea was that this might sell-off a bit more and go re-test the old levels of around $30. But that was then. Now, I am a bit 50/50, because of this price action.
Now, ideally, I would like to see some selling, but because we are at this interesting level, any stupid news might drive the price higher. Especially with all the hurricanes happening right now.
If you still wish to place a position, then I recommend having a tight stop, because the candle might be extended.
Be careful and keep an eye on the price action!