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.
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.