OPINION: From a mid- to long-term perspective, it is expected to decline after one rebound increase. Therefore, I think it is advantageous to enter the long position by having a good profit/loss ratio in that green circle section and anticipating RSI divergence
NOTE: If the red STOP LOSS LINE is breached, I think it will fall quickly, so be mindful of the response and enter the position
Green circle: When to buy and why
Yellow dotted line: Mid- to long-term chart progress
Blue, red arrows: profit/loss ratio
White Line: RSI DIVERGENCE
NOTE: If the red STOP LOSS LINE is breached, I think it will fall quickly, so be mindful of the response and enter the position
Green circle: When to buy and why
Yellow dotted line: Mid- to long-term chart progress
Blue, red arrows: profit/loss ratio
White Line: RSI DIVERGENCE
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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.