It is maintaining support very well and should bounce off.
The stop loss is tight, if it breaks support it will most likely fall fast so you would want to cut the trade quickly.
The take profit is at the recent high for a quick profit.
A divergence has appeared on the RSI as further confirmation.
The stop loss is tight, if it breaks support it will most likely fall fast so you would want to cut the trade quickly.
The take profit is at the recent high for a quick profit.
A divergence has appeared on the RSI as further confirmation.