Should everything fall to plan I was able to spot an EMA convergence with injunction of timing via the day of the week in market anticipation of the return of the previous Admin.
Entry Point
• Entry Price: $9.14
I initiated deployment at $9.14, identifying this level as an entry point right before the inauguration of the next admin. This is Driven my 3hr Volatility contraction, at a support level on the green 100 EMA.
Take Profit Level
• Take Profit: $9.41
On this long I am anticipating the swipe of $9.41. Take profit level is in aim to secure calculated gain of $0.27 per share, approximately a 2.95% profit on your position.
Stop Loss
• Stop Loss: $8.53
In an effort to cover capital, stop loss is at $8.53. This level ensures that your maximum loss is capped at $0.61 per share, equating to about a 6.67% aggressive downside risk.
Risk-Reward Ratio
Risk-reward ratio of this trade is approximately 1:0.45. This implies I am risking $0.61 to potentially gain $0.27 per share. While the reward is lower than the risk, the trade aligns with broader portfolio strategies and short-term technical signals supporting a high-probability outcome.
Entry Point
• Entry Price: $9.14
I initiated deployment at $9.14, identifying this level as an entry point right before the inauguration of the next admin. This is Driven my 3hr Volatility contraction, at a support level on the green 100 EMA.
Take Profit Level
• Take Profit: $9.41
On this long I am anticipating the swipe of $9.41. Take profit level is in aim to secure calculated gain of $0.27 per share, approximately a 2.95% profit on your position.
Stop Loss
• Stop Loss: $8.53
In an effort to cover capital, stop loss is at $8.53. This level ensures that your maximum loss is capped at $0.61 per share, equating to about a 6.67% aggressive downside risk.
Risk-Reward Ratio
Risk-reward ratio of this trade is approximately 1:0.45. This implies I am risking $0.61 to potentially gain $0.27 per share. While the reward is lower than the risk, the trade aligns with broader portfolio strategies and short-term technical signals supporting a high-probability outcome.
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.
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.