Sell the breakout
The price is at two important levels at the same time: horizontal support and trendline support. Breaking through the two levels is a good opportunity to go short. A possible rejection can happen, though.
But I think it more likely to be a breakout considering that the price has retested the trend line just recently and Stochastic shows a bearish divergence.
Watch lower time frames for a good entry.
Good luck, :)
But I think it more likely to be a breakout considering that the price has retested the trend line just recently and Stochastic shows a bearish divergence.
Watch lower time frames for a good entry.
Good luck, :)
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