Airbnb might head into bullish trend
Airbnb might head into bullish trend after testing current support levels:
Bearish Indicators:
1. Current support level of 162.56 is a weak support historically
2. Posting of a Higher Low at $162.56
Bullish Indicators:
1. Close to a Piercing Line formation at 162.56
TRADE PLAN A:
1. Look for Green candle formation on Monday
2. Buy between $163 - $167
3. TP1 at $176.53 as the next resistance line (sell 50%)
4. TP2 at $200 based on AB=CD projection
5. Keep adjusting SL along the way to maintain risk appetite of 2%/trade loss
TRADE PLAN B:
1. In case current resistance level of $162.56 is broken, watch for performance at following resistance levels
2. Based on candles formation, buy at $153.21 and follow strategy in Plan A
3. If $153.21 resistance level is broken, consider buying at $143.05 and follow strategy in Plan A
Bearish Indicators:
1. Current support level of 162.56 is a weak support historically
2. Posting of a Higher Low at $162.56
Bullish Indicators:
1. Close to a Piercing Line formation at 162.56
TRADE PLAN A:
1. Look for Green candle formation on Monday
2. Buy between $163 - $167
3. TP1 at $176.53 as the next resistance line (sell 50%)
4. TP2 at $200 based on AB=CD projection
5. Keep adjusting SL along the way to maintain risk appetite of 2%/trade loss
TRADE PLAN B:
1. In case current resistance level of $162.56 is broken, watch for performance at following resistance levels
2. Based on candles formation, buy at $153.21 and follow strategy in Plan A
3. If $153.21 resistance level is broken, consider buying at $143.05 and follow strategy in Plan A
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