1h Chart is showing Bullish Divergence which is supporting the upward movement. The price bounced from the strong support zone and consolidating above the support level of 924. If price rejects resistance level 1075, it does not necessarily mean that the price is going to move further down. Instead it is good to search for a new trading opportunity from this ideal reversal zone that can be found at 867 & 834 levels.
Buy orders can be set above 1075 level with stop-loss at 755 level. This might be a short term trade and cautiousness is recommended! When you sell partial amount of your profit, small amount should be left for the longer run!
Trading Information:
Buy: Above 1075 level
Partial Profit Target: 1235 level
Main Profit Targets: 1314 & 1427 levels (previous ATH)
Stop Loss: 755 level
If you need any help with trading or recommendations where to search basics just feel free to leave me DM in here or in my twitter. I try to respond ASAP! :)
Happy trading!
Things to Remember:
-> Stop-loss orders are strongly recommended.
-> Beware of buying tops or FOMOS, you might end up losing or waiting long periods of time before getting anything back.
-> Do your homework before investing.
Yarr
Buy orders can be set above 1075 level with stop-loss at 755 level. This might be a short term trade and cautiousness is recommended! When you sell partial amount of your profit, small amount should be left for the longer run!
Trading Information:
Buy: Above 1075 level
Partial Profit Target: 1235 level
Main Profit Targets: 1314 & 1427 levels (previous ATH)
Stop Loss: 755 level
If you need any help with trading or recommendations where to search basics just feel free to leave me DM in here or in my twitter. I try to respond ASAP! :)
Happy trading!
Things to Remember:
-> Stop-loss orders are strongly recommended.
-> Beware of buying tops or FOMOS, you might end up losing or waiting long periods of time before getting anything back.
-> Do your homework before investing.
Yarr
Dagangan aktif:
Partial profit target hit!
