📊 Market Observation:
Current Movement: PYTH is approaching a significant area of interest where previous resistance levels could turn into support.
Fibonacci Level: The 0.618 Fibonacci level aligns with this area of interest, adding to its significance.
Strategy: Dollar-Cost Averaging (DCA) will be utilized to accumulate positions as price enters the support zones.
📈 Trading Plan:
Buy Zones: Look to initiate buy positions in two areas of interest: around $0.57 and $0.80.
Take Profit: Target profit areas are set around $1 and $1.80, allowing for potential gains as price reacts to the support zones.
Stop Loss: Implement a stop-loss strategy to manage downside risk, with a daily close below $0.50 serving as a signal for potential trend reversal.
Current Movement: PYTH is approaching a significant area of interest where previous resistance levels could turn into support.
Fibonacci Level: The 0.618 Fibonacci level aligns with this area of interest, adding to its significance.
Strategy: Dollar-Cost Averaging (DCA) will be utilized to accumulate positions as price enters the support zones.
📈 Trading Plan:
Buy Zones: Look to initiate buy positions in two areas of interest: around $0.57 and $0.80.
Take Profit: Target profit areas are set around $1 and $1.80, allowing for potential gains as price reacts to the support zones.
Stop Loss: Implement a stop-loss strategy to manage downside risk, with a daily close below $0.50 serving as a signal for potential trend reversal.
Penerbitan berkaitan
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.
Penerbitan berkaitan
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.