The 6.50$ area is a significant resistance area. The horizontal price level is also corresponding with the 200MA and the 38 Fibonacci Retracement of the march low of 2020 and the last significant high. The trade will be entered when the price closes above the 200MA in combination with a high volume.
The information and publications are not meant to be, and do not constitute, financial, investment, trading, or other types of advice or recommendations supplied or endorsed by TradingView. Read more in the Terms of Use.