Analysis:
Support: $58.46 (recent low, indicating buyers stepping in).
Resistance: $60.01 and $60.88 (near-term targets and resistance zones).
Volume: Moderate at 20.856K, indicating steady market activity.
Strategy for Long Position:
Entry Point: Consider entering around the current price ($58.89) if there is confirmation of support at $58.46 holding.
Stop Loss: Place a stop loss just below $58.46 to limit downside risk.
Take Profit Targets:
First Target: $60.01 (EMA 30 resistance level).
Second Target: $60.88 (EMA 60 resistance level).
Risk-Reward Ratio: Ensure a minimum risk-reward ratio of 1:2 for this trade.
Confirmation: Look for:
Increased buying volume at the current level.
Bullish candlestick patterns or a crossover of EMA (10) over EMA (30).
Support: $58.46 (recent low, indicating buyers stepping in).
Resistance: $60.01 and $60.88 (near-term targets and resistance zones).
Volume: Moderate at 20.856K, indicating steady market activity.
Strategy for Long Position:
Entry Point: Consider entering around the current price ($58.89) if there is confirmation of support at $58.46 holding.
Stop Loss: Place a stop loss just below $58.46 to limit downside risk.
Take Profit Targets:
First Target: $60.01 (EMA 30 resistance level).
Second Target: $60.88 (EMA 60 resistance level).
Risk-Reward Ratio: Ensure a minimum risk-reward ratio of 1:2 for this trade.
Confirmation: Look for:
Increased buying volume at the current level.
Bullish candlestick patterns or a crossover of EMA (10) over EMA (30).
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.