LINK: Buying Opportunity at 10.00$ Support
What do you think about such a long trade?
The trading idea is based on a price reversal from 10.00$ support zone. The breakout above the local downtrend line will give a bullish signal in the direction of the main uptrend. With such upward movement, MACD and RSI will be able to support the buyers.
Here is an example of a possible trade:
Buy above 12.25$
Stop below 9.15$
Profit Target at 19.85$
Risk per trade must be no more than 5% of the capital.
Disclaimer!
This post does not provide financial advice. It is for educational purposes only! You can use the information from the post to make your own trading plan for the market. But you must do your own research and use it as the priority. Trading is risky, and it is not suitable for everyone. Only you can be responsible for your trading.
The trading idea is based on a price reversal from 10.00$ support zone. The breakout above the local downtrend line will give a bullish signal in the direction of the main uptrend. With such upward movement, MACD and RSI will be able to support the buyers.
Here is an example of a possible trade:
Buy above 12.25$
Stop below 9.15$
Profit Target at 19.85$
Risk per trade must be no more than 5% of the capital.
Disclaimer!
This post does not provide financial advice. It is for educational purposes only! You can use the information from the post to make your own trading plan for the market. But you must do your own research and use it as the priority. Trading is risky, and it is not suitable for everyone. Only you can be responsible for your trading.
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