HINOON long trade
- *Reaccumulation Phase:* HINOON has been trading in a range since 2024, between 798 and 990. After posting a spring below this consolidation zone, the stock quickly rebounded and continued in an absorption area for a month.
- *Current Setup:* Today, the stock created an IFDZ at the 1-hour timeframe, indicating short-term upward movement. Volume distribution also supports this upward momentum.
🚨 TECHNICAL BUY CALL – HINOON🚨
- Buy levels:
- Buy 1: Current level (934)
- Buy 2: 920
- Targets:
- TP1: 950
- TP2: 968
- TP3: 982
- Stop Loss: Below 900
- Risk Reward Ratio: 3.9
Caution: Please buy in 3 parts in buying range. Close at least 50% position size at TP1 and then trail SL to avoid losing incurred profits in case of unforeseen market conditions.
PLEASE BOOST AND SHARE THE IDEA IF YOU FIND IT HELPFUL.
- *Reaccumulation Phase:* HINOON has been trading in a range since 2024, between 798 and 990. After posting a spring below this consolidation zone, the stock quickly rebounded and continued in an absorption area for a month.
- *Current Setup:* Today, the stock created an IFDZ at the 1-hour timeframe, indicating short-term upward movement. Volume distribution also supports this upward momentum.
🚨 TECHNICAL BUY CALL – HINOON🚨
- Buy levels:
- Buy 1: Current level (934)
- Buy 2: 920
- Targets:
- TP1: 950
- TP2: 968
- TP3: 982
- Stop Loss: Below 900
- Risk Reward Ratio: 3.9
Caution: Please buy in 3 parts in buying range. Close at least 50% position size at TP1 and then trail SL to avoid losing incurred profits in case of unforeseen market conditions.
PLEASE BOOST AND SHARE THE IDEA IF YOU FIND IT HELPFUL.
Trade closed: target reached
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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.
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.