Price has pulled back into a meaningful area of interest. While the entry is slightly delayed, the risk-to-reward remains attractive.
Trade Options
Conservative Entry: Wait for a break and close above $2.22. This would confirm bullish momentum and open the door for much higher prices.
Stop Loss (SL): Below $1.340
Aggressive Entry: Enter now, acknowledging that most of the month’s move has already played out.
SL Options:
Below the August low for wider protection
Or a tighter SL at $1.345, since a confirmed higher low (HL) hasn’t formed yet
Trade Options
Conservative Entry: Wait for a break and close above $2.22. This would confirm bullish momentum and open the door for much higher prices.
Stop Loss (SL): Below $1.340
Aggressive Entry: Enter now, acknowledging that most of the month’s move has already played out.
SL Options:
Below the August low for wider protection
Or a tighter SL at $1.345, since a confirmed higher low (HL) hasn’t formed yet
Disclaimer
The information and publications are not meant to be, and do not constitute, financial, investment, trading, or other types of advice or recommendations supplied or endorsed by TradingView. Read more in the Terms of Use.
Disclaimer
The information and publications are not meant to be, and do not constitute, financial, investment, trading, or other types of advice or recommendations supplied or endorsed by TradingView. Read more in the Terms of Use.