JNUG short term swings
An upside break of channel line b would lead to test of 14.90-$15, line a, and an eventual run to upper channel 1. $15 was fairly strong support s may need force or time to get through it if it does. One could tighten stops , take partial profits at that point but with the break down of larger daily channel and high support back into it, prices could eventually run to upper daily channel (near $22) but trailing stops would be required.
A downside break of channel c would likely lead to channel 2 since very little support between here and there, but a test of line 2 would be safe swing entry with easy stops, even if just for back test of breakdown. Shakeouts are always a possibility and global news disrupts gold pricing could cause false moves either way so being diligent about factors, and honoring stops is a must.
Either scenario, channel lines should act as critical for buys and sells.
One could take long swing trade on retest of line c with reversal confirmation and tight stops. Note : A retest of channel line b with a denial and return to channel line C and then a lower high, should be taken as a warning for longs.
One could enter DUST on breakdown of channel c, again with stops.
Confirmation for conservative trades and channel lines touches for aggressive trades. Always honor stops.
This is short term trade scenario and swing chart and I use Gold as proxy for all entries and exits.
* This is not investment advice , only possible scenarios.