The price has come to the daily support zone DS1. I think the price will bounce here. A long should be favorable here. The target of this trade should be at least 5.82.
Comment:
Closing 2/3 of the size here. Overall the strength is missing. That's why better to reduce the exposure in order to not incur any loss.
Comment:
The price has hit the target. However, in doing so, it has had a lot of volatility. And once the price reached the target, it dropped drastically again almost to the our entry, giving another opportunity for long. But that happened overnight so no chance to catch that. The price is again near the target area. I think its moving a bit beyond. But lets look for a new setup. I will share that in a new post.