The price bounced from the support zone formed by SMA100, SMA200, and the uptrend line. The reversal signal could be used for buying with stop orders below the local swing low. If you missed this opportunity, the next buy signal can be based on a breakout above the local resistance level.
Entry Price: above 32.75
Stop Level: below 29.20
Profit Level: at 41.90
If you decide to take part in this trade, don't forget about the proper risk management. Don't invest all capital in one market and use stop orders.
Disclaimer!
This post does not provide financial advice. It is for educational purposes only! You can use the information from the post to make your own trading plan for the market. But you must do your own research and use it as the priority. Trading is risky, and it is not suitable for everyone. Only you can be responsible for your trading.
Entry Price: above 32.75
Stop Level: below 29.20
Profit Level: at 41.90
If you decide to take part in this trade, don't forget about the proper risk management. Don't invest all capital in one market and use stop orders.
Disclaimer!
This post does not provide financial advice. It is for educational purposes only! You can use the information from the post to make your own trading plan for the market. But you must do your own research and use it as the priority. Trading is risky, and it is not suitable for everyone. Only you can be responsible for your trading.
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💎 Share My BEST Trades here 👉 bit.ly/wubits