Hello, Traders!
After an active trading week, the moment of correction is brewing in the market.
We see how the buyers were able to keep the price in their zone of interest between $8.16-9.46.
But from above in the range of $12.00-13.18 sellers are working, which do not allow to pass above their zone of interest.
In case of a correction, we can expect the buyers to defend their position and hence work together with them from buying.
Entry in the deal can be searched in a range of $9.25-9.55.
Stop Loss can be placed under $7.93
Price Targets:
$11.50
$13.15
$14.05
$15.49
Good luck and watch out for the market
P.S. This is not a piece of financial advice but only an idea I would be following myself
After an active trading week, the moment of correction is brewing in the market.
We see how the buyers were able to keep the price in their zone of interest between $8.16-9.46.
But from above in the range of $12.00-13.18 sellers are working, which do not allow to pass above their zone of interest.
In case of a correction, we can expect the buyers to defend their position and hence work together with them from buying.
Entry in the deal can be searched in a range of $9.25-9.55.
Stop Loss can be placed under $7.93
Price Targets:
$11.50
$13.15
$14.05
$15.49
Good luck and watch out for the market
P.S. This is not a piece of financial advice but only an idea I would be following myself
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.