The price rebounded strongly from the support zone
with a high volume
and rallied to change the market structure. This strong momentum increased the RSI
to the 70-ish level. The price may now consolidate a bit to cool off the RSI
, before giving the second leg upwards. This seems like a good time to accumulate.
The targets which I am looking at:
Target 1: 3178
Target 2: 3307
Always use an appropriate Risk-Reward ratio as per your strategy.
P.S: This is NOT investment advice. This chart is meant for learning purposes only and is a part of my personal journal. Invest your capital at your own risk.