Buy Opportunity
Observations:
Current Price: Around $28.825.
Stop-Loss: $28.7218, just below the support level.
Target Price: $29.3478, above a key resistance.
Risk-Reward Ratio: 4.21, which indicates a favorable risk-to-reward setup.
Volume Profile: A significant level of interest is visible at the price range between $28.80 and $28.90.
Signal:
Entry Point: Enter a long position at the current level, near $28.825, assuming confirmation of support.
Stop-Loss: Place your stop-loss at $28.7218 to limit downside risk.
Take Profit: Set your target at $29.3478 to capture the upward move.
Additional Confirmation:
Look for bullish candlestick patterns or higher volume around the support area.
Consider the behavior of the moving averages (EMA) and ensure there’s no immediate downward pressure before entering.
Current Price: Around $28.825.
Stop-Loss: $28.7218, just below the support level.
Target Price: $29.3478, above a key resistance.
Risk-Reward Ratio: 4.21, which indicates a favorable risk-to-reward setup.
Volume Profile: A significant level of interest is visible at the price range between $28.80 and $28.90.
Signal:
Entry Point: Enter a long position at the current level, near $28.825, assuming confirmation of support.
Stop-Loss: Place your stop-loss at $28.7218 to limit downside risk.
Take Profit: Set your target at $29.3478 to capture the upward move.
Additional Confirmation:
Look for bullish candlestick patterns or higher volume around the support area.
Consider the behavior of the moving averages (EMA) and ensure there’s no immediate downward pressure before entering.
GODO Capital Markets
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