TRADEGATE:XS233816710   BIRKENSTOCK FINANCING S.A.R.L 5.25% GTD SNR NTS 30/04/2029 EUR100000
Hello, my fellow traders 👋 BIRKENSTOCK on monthly chart rejected from supply area at 98$. In case we break down the trend line I am looking for a short with target at 88.25$. Stop loss above supply zone (99$).

On the other side price is still in up trend which can lead to a bounce from trend line and break out of resistance above. If this happens I am looking to wait for a retest of 99$ where I will open a long position.

Until we break out of the supply zone I am expecting price to reverse and continue lower.

Good luck.

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