POE is sitting at weekly support of 23 sats .
Monthly Resistance is at 29 sats .
POE is going to test the monthly resistance at 29 sats .
24 sats is the perfect entry to go long. And exit the trade on 29 sats , as it can retrace back from there.
If you enter the trade from 24 sats to 29 sats , it would be a 16 percent increase in value.
As new Weekly candle is formed above 23 sats so the move looks bullish .
Set the stoploss at 20 to 21. You can set according to your trade.
If POE candles wick below 23 then it would find its support at 16 sats .
Be ready for both the situations. But right now the analysis indicates the bullish move.
Pocket your profits from 24 to 28-29 sats with realistic target of 12 to 16 percent.
Good Luck.


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