Trade Setup:
Entry Price: Immediate entry at $0.1969 (current market price).
Stop-Loss: Place at $0.1833
Take-Profit Target: $0.2385, based on the 1.618 Fibonacci extension.
Why Immediate Entry Works:
Bullish Continuation: The price is consolidating near the 0.5 Fibonacci retracement, which is often a strong level for a continuation move.
Support Confirmation: The 200 SMA at $0.1829 is a reliable dynamic support level, adding confidence to the bullish bias.
Momentum Potential: An upward bounce from the current levels suggests a possible rally toward the 1.618 extension at $0.2385.
Entry Price: Immediate entry at $0.1969 (current market price).
Stop-Loss: Place at $0.1833
Take-Profit Target: $0.2385, based on the 1.618 Fibonacci extension.
Why Immediate Entry Works:
Bullish Continuation: The price is consolidating near the 0.5 Fibonacci retracement, which is often a strong level for a continuation move.
Support Confirmation: The 200 SMA at $0.1829 is a reliable dynamic support level, adding confidence to the bullish bias.
Momentum Potential: An upward bounce from the current levels suggests a possible rally toward the 1.618 extension at $0.2385.
Penafian
Maklumat dan penerbitan adalah tidak dimaksudkan untuk menjadi, dan tidak membentuk, nasihat untuk kewangan, pelaburan, perdagangan dan jenis-jenis lain atau cadangan yang dibekalkan atau disahkan oleh TradingView. Baca dengan lebih lanjut di Terma Penggunaan.
Penafian
Maklumat dan penerbitan adalah tidak dimaksudkan untuk menjadi, dan tidak membentuk, nasihat untuk kewangan, pelaburan, perdagangan dan jenis-jenis lain atau cadangan yang dibekalkan atau disahkan oleh TradingView. Baca dengan lebih lanjut di Terma Penggunaan.