IamForexTrader_com

SAGAUSDT: Potential Reversal, Setting Buy Stop at 4.65

Long
BINANCE:SAGAUSDT   SAGA / TetherUS
SAGAUSDT appears to be on the brink of a turnaround, with selling pressure diminishing. A buy stop is placed at 4.65, anticipating a surge if the reversal gains traction. The planned risk/reward ratio of 1:2 suggests a conservative yet optimistic outlook on the potential for buyers to take control. Watch for a breakout above the buy stop level as an indicator of buyer momentum overpowering the sellers, signaling the start of a new uptrend.
Trade closed: stop reached

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.