The price dropped to SMA100 and we can expect for price reversal with further upward movement from this zone. MACD histogram supports this movement and DMI allows to open long trades. If the price breaks the downtrend line, it will be an additional confirmation of the upward movement. Pending orders for buy should be placed at 255.00 level and stop orders at 225.00 level. Profit targets are 300.00 and 400.00 resistance levels. If the market breaks SMA100, we'll have to delete buy orders and wait for a new trading signal.
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💰COPY MY TRADES FOR FREE! Join 👉 bit.ly/41DKDBD
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💎 Share My BEST Trades here 👉 bit.ly/wubits
📣 Get Welcome Bonuses for 1st Trade 👉 bit.ly/bonus_bybit
💎 Share My BEST Trades here 👉 bit.ly/wubits
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.