PILL 3x Leverage Medical/ Pharma ETF for swing LONG
PILLOn the 4H Chart, current market price is sitting on the support
of order blocks and the EMA200, while in an uptend from
a double bottom in the sprint. It is moving into the high volume
area of the voluxme profile. For the swing trade, the stop loss is
$0.10 below the EMA200 while the targets are marked
based on a combination of the horizontal resistances of
prior swing pivots along with sell order blocks and
the structure of the volume profile. Accordingly, this
trade risks $0.60 for about $ 4 to $ 5 of upside making for
an excellent swing setup especially since healthcare, medical
and pharmacueticals are known to be recession resilient and
ETFs are inherently diversified making leveraging a risk probably
worth taking.
Trade active
PILL reversal an uptrend noted. Long trade taken. 
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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.