When reviewing the Weekly chart there is a possible Demand/Support zone at 3000-2900.
RSI on Weekly & Daily charts in oversold territory with a reversal likely from this zone.
Aggressive entry < 3100
Ideal entry < 3000 if it gets there
Target 1 @ 4500 - 4600 (Profit around 50%)
Target 2 @ 5000 - 5200 (Profit around 65%)
Risk around 16%
RSI on Weekly & Daily charts in oversold territory with a reversal likely from this zone.
Aggressive entry < 3100
Ideal entry < 3000 if it gets there
Target 1 @ 4500 - 4600 (Profit around 50%)
Target 2 @ 5000 - 5200 (Profit around 65%)
Risk around 16%
Trade active
Had to wait 2-3 months to developStill time to buy @ price < 3000 with stop < 2600
Risk = 13%
Reward = 50% if target 4500
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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.