CELH Buy Setup - 1/27 R:R Opportunity at Strong Support
Celsius Holdings 
CELH is presenting an excellent long opportunity. The price is currently at a strong support level, aligning with a bullish trendline that has guided the stock upward in the bigger picture. Recently, a bullish engulfing pattern has formed, signaling a potential reversal, which is occurring in a sweet zone where many traders were shaken out of the market. This has been confirmed by a noticeable increase in volume, further indicating that the buying pressure is returning.
The setup offers a fantastic risk-to-reward ratio of 1:27, with the next key level being the all-time high (ATH), which is not far away. This suggests significant upside potential if the support holds.
CELH is presenting an excellent long opportunity. The price is currently at a strong support level, aligning with a bullish trendline that has guided the stock upward in the bigger picture. Recently, a bullish engulfing pattern has formed, signaling a potential reversal, which is occurring in a sweet zone where many traders were shaken out of the market. This has been confirmed by a noticeable increase in volume, further indicating that the buying pressure is returning.The setup offers a fantastic risk-to-reward ratio of 1:27, with the next key level being the all-time high (ATH), which is not far away. This suggests significant upside potential if the support holds.
Trade closed: stop reached
Stop loss was triggered, resulting in a loss. If the price goes up again, I don’t rule out buying it back, as the general conditions haven’t changed.Note
I bought again CELH. Next updates in this idea: 
Based on these ideas I trade personally. 📊 +16% made in 7 months! 🚀Check my stats and portfolio on eToro: etoro.tw/47ZBg2r
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.
Based on these ideas I trade personally. 📊 +16% made in 7 months! 🚀Check my stats and portfolio on eToro: etoro.tw/47ZBg2r
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.