The price is moving in a parallel on the daily timeframe, indicating a potential massive bullish rally. Showed a pull back from 200-day EMA and currently 4% up. We anticipate a 45% bullish wave in the coming days.
Trading Strategy
- Entry: Consider long positions at 27.50
- Stop-loss: Set at 23.93, just below the support level
- Risk-reward ratio: 1:3.5
- Swing Trade Target Level: 40
Trading Reminder
- Assess your risk and calculate potential losses before entering any trade.
- Trade wisely and only enter positions that align with your strategy and risk tolerance.
- Stay calm and avoid impulsive decisions driven by FOMO. Trading is a long-term journey.
Trading Strategy
- Entry: Consider long positions at 27.50
- Stop-loss: Set at 23.93, just below the support level
- Risk-reward ratio: 1:3.5
- Swing Trade Target Level: 40
Trading Reminder
- Assess your risk and calculate potential losses before entering any trade.
- Trade wisely and only enter positions that align with your strategy and risk tolerance.
- Stay calm and avoid impulsive decisions driven by FOMO. Trading is a long-term journey.
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.
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.