- Technical Analysis:
- Price fell more than 40% from the top and found support in the lower zone.
- Formed a bullish marubozu candlestick pattern, indicating strong bullish momentum.
- Currently approaching immediate resistance and trendline with high volume.
- RSI showing positive momentum, supporting the bullish view.
Trade Strategy:
- Entry: Consider buying on a breakout above the immediate resistance and trendline.
- Stop Loss: Below the recent support level.
- Target: Previous highs or higher based on momentum.
- Price fell more than 40% from the top and found support in the lower zone.
- Formed a bullish marubozu candlestick pattern, indicating strong bullish momentum.
- Currently approaching immediate resistance and trendline with high volume.
- RSI showing positive momentum, supporting the bullish view.
Trade Strategy:
- Entry: Consider buying on a breakout above the immediate resistance and trendline.
- Stop Loss: Below the recent support level.
- Target: Previous highs or higher based on momentum.
Trade active:
10% done
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A simple trader, distancing from the fake crowd. Simplifying complexity, I prioritize genuine insights over trends.
Telegram- telegram.me/marketiik
A simple trader, distancing from the fake crowd. Simplifying complexity, I prioritize genuine insights over trends.