Ready for a long trade?
I've placed a BUY STOP order above the last trading day's high. The reasons :
- If the last high gets broken to the upside, I expect a short-term turnaround of the price movement.
- The simple moving averages should do a bullish crossover.
- the privce could rise until the last high zone between 3.00 and 3.38 USD. With this the chart could form a cup & handle formation [we need to re-eavaluate this].
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