Let's talk about the 3 possible scenarios that could happen with LVLU at its current rates. What's more, we'll also consider the 5 risk/reward factors that could affect these scenarios.
1st Entry: to be made when the 2 parallel line range is broken upwards. With Stop Loss Below the yellow upper parallel line and take profit $0.10 below red line as shown in the graph. This here is a 1:5 risk-to-reward ratio, which is above the 2.5 R/W ratio, which I am always trying to target.
2nd Entry: More details will be shared if I get 50 boosts for this post. But most traders can understand by looking at my chart.
3rd Entry: More details will be shared if I get 20 comments for this post. But most traders can understand by looking at my chart.