Asset and Time frame - WKHS,1H/4H WKHS Entry Price -21.97 Exit(Stop Loss) -20.78 Exit(Take Profit) -25.91
Technical Analysis - Price broke a confirmed trend line, but daily chart and RSI is still bullish, price reached a significant support line and on his way to the -27.2 Fibonacci level(4H), on the daily chart theres a 50DMA and the 61.8 Fibonacci level for support.. personally I would wait for a solid bullish candle to close, then enter the trade from the -27.2 level or the blue support line. Good Luck!
My average is 24$. Do you think WKHS will get there soon or better sell it and buy cheaper?
Avirany
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@mbelasy, Hey man, I think with the current state of the market we will see a leg higher back to the 30$,despite the sell-off today, I placed my stop at 20.78, the next support line after that is at 19.80-20$,so be careful
mbelasy
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@Avirany, For me to make profit WKHS has to be above 25. Thanks.